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:
“Any gentleman with the slightest chic will give a girl a fifty dollar bill for the powder room.”
—George Axelrod (1922)
“It is easier to sail many thousand miles through cold and storm and cannibals, in a government ship, with five hundred men and boys to assist one, than it is to explore the private sea, the Atlantic and Pacific Ocean of one’s being alone.... It is not worth the while to go round the world to count the cats in Zanzibar.”
—Henry David Thoreau (1817–1862)
“I might be driven to sell your love for peace,
Or trade the memory of this night for food.
It well may be. I do not think I would.”
—Edna St. Vincent Millay (1892–1950)