The New World, The Peso/dollar and Pacific Trade
With the colonisation of the Americas after 1492, great amounts of silver began to flow from the New World to the old. Especially the silver mines in Bolivia and Mexico gave rise to large silver coins. Within decades after Columbus' discovery, silver coins were minted in the Americas and shipped to Spain. The coins minted in the Americas were initially of a very crude fabric.
Read more about this topic: Silver Coin
Famous quotes containing the words dollar, pacific and/or trade:
“... if we have a dollar to spend on some wild excess, we shall spend it on a book, not on asparagus out of season.”
—Katharine Fullerton Gerould (1879–1944)
“We, the lineal representatives of the successful enactors of one scene of slaughter after another, must, whatever more pacific virtues we may also possess, still carry about with us, ready at any moment to burst into flame, the smoldering and sinister traits of character by means of which they lived through so many massacres, harming others, but themselves unharmed.”
—William James (1842–1910)
“International relations is security, it’s trade relations, it’s power games. It’s not good-and-bad. But what I saw in Yugoslavia was pure evil. Not ethnic hatred—that’s only like a label. I really had a feeling there that I am observing unleashed human evil ...”
—Natasha Dudinska (b. c. 1967)