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Dec. 22nd, 2006 04:07 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsHuman nature lay be an infinitely variant thing. But it has constants. )ne is that, given a choice, people keep what is the ,est for themselves, i.e., for those whom they love be most.
With numerous coins in circulation variously aduIera ted, clipped, filed, sweated, trimmed, and with he worst being offered first, coins became a probm. The path was now open for the next great rcorm, which was to go back to weighing. This decilve step was taken by the City of Amsterdam in 1609 -a step that joins the history of money to the history if banking. It was a step especially occasioned by the arge trade of Amsterdam. That, in turn, was assoated with one of the most pervasively influential :vents in the history of money-the voyages of Columbus and the effect on Europe of the ensuing conluest and development of Spanish America.
Discovery and conquest set in motion a vast low of preciou~ metal from America to Europe, and the re~ult was a huge rise in prices-an inflation occasioned by an increase in the supply of the hardest of hard money.
p. 13
With numerous coins in circulation variously aduIera ted, clipped, filed, sweated, trimmed, and with he worst being offered first, coins became a probm. The path was now open for the next great rcorm, which was to go back to weighing. This decilve step was taken by the City of Amsterdam in 1609 -a step that joins the history of money to the history if banking. It was a step especially occasioned by the arge trade of Amsterdam. That, in turn, was assoated with one of the most pervasively influential :vents in the history of money-the voyages of Columbus and the effect on Europe of the ensuing conluest and development of Spanish America.
Discovery and conquest set in motion a vast low of preciou~ metal from America to Europe, and the re~ult was a huge rise in prices-an inflation occasioned by an increase in the supply of the hardest of hard money.
p. 13
