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 the new, dollar, pacific and/or trade:
“And yet we constantly reclaim some part of that primal spontaneity through the youngest among us, not only through their sorrow and anger but simply through everyday discoveries, life unwrapped. To see a child touch the piano keys for the first time, to watch a small body slice through the surface of the water in a clean dive, is to experience the shock, not of the new, but of the familiar revisited as though it were strange and wonderful.”
—Anna Quindlen (b. 1952)
“Your Dollar is your only Word,
The wrath of it your only fear.
“You build it altars tall enough
To make you see, but your are blind;
You cannot leave it long enough
To look before you or behind.”
—Edwin Arlington Robinson (1869–1935)
“American future lies in the East. The great free markets of the Pacific Rim are the American destiny.”
—Donald Freed, U.S. screenwriter, and Arnold M. Stone. Robert Altman. Richard Nixon (Philip Baker Hall)
“I look on trade and every mechanical craft as education also. But let me discriminate what is precious herein. There is in each of these works an act of invention, an intellectual step, or short series of steps taken; that act or step is the spiritual act; all the rest is mere repetition of the same a thousand times.”
—Ralph Waldo Emerson (1803–1882)