These situations occurring at the roughly the same time frame brought about a dramatic spike on the worth of gold and made spending fees nearly impossible for some provinces. Anyone first started hoarding dear silver, forcing the brand new proportion of your own value of copper to silver for the a high refuse. In the 1630s, a sequence of a single thousand copper gold coins try well worth an oz out of silver; by 1640 it was reduced to your property value half of an ounce; by 1643 it was worth approximately you to definitely-3rd from an oz.
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