These types of events happening at the roughly the same time frame brought about a dramatic increase regarding the value of silver and made paying taxes nearly impossible for many provinces. Somebody began hoarding dear silver, pushing the new ratio of the property value copper in order to silver to the a high refuse. In the 1630s, a sequence of just one thousand copper gold coins are value an ounce of gold; from the 1640 it had been shorter to your property value 1 / 2 of an enthusiastic ounce; by 1643 it had been worth about one-3rd away from an oz.
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