Such occurrences going on at the roughly once caused a remarkable surge in the value of silver and made using taxation almost impossible for some provinces. Somebody began hoarding beloved gold, pressuring the new proportion of your own value of copper so you can silver for the a high refuse. On the 1630s, a set of 1 thousand copper gold coins is worth an ounce out of silver; by 1640 it absolutely was smaller to the worth of half of an ounce; because of the 1643 it was worth roughly you to-3rd from an ounce.
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