This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Largest source of silver ever found up to this point. Abundant enough to stimulate trade, rare enough to retain value. Potosi Bolivia First city in the New World to have a larger population larger than that in Teotihuacan Mining city for precious metals (silver). Dollar US currency Dolar in Spanish Pound British currency Spanish silver was a prominent currency before the founding of America. British money was never influential in the American colonies Dolar was the weight of silver in a coin. Our original dollars were actually Spanish silver coins. Thaler Germanic word for currency Name comes from silver found in Joachimthal Great Inflation of 16 th century Tremendous increase in the quantity of silver money....
View Full Document
This note was uploaded on 11/18/2010 for the course ECO 327 taught by Professor Trinque during the Fall '10 term at University of Texas at Austin.
- Fall '10