Such incidents occurring during the about once caused a dramatic spike from the property value gold making using fees almost impossible for many provinces. Anyone began hoarding dear gold, pressuring the brand new proportion of your worth of copper in order to silver for the a high decline. On the 1630s, a sequence of one thousand copper gold coins try value an ounce of silver; from the 1640 it was reduced to the value of half an enthusiastic ounce; because of the 1643 it had been well worth around you to definitely-3rd out of an ounce.
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