AMERICAN MONETARY INSTITUTE

The greatest growth rate ever recorded in gold supplies occurred from 1500 to 1600 as centuries of gold accumulation was stripped from the Central and South American Indians at gunpoint. Spain did the bloody work on the ground, while English and Dutch Navies intercepted much of the loot in the Atlantic. Thus the value of gold and silver to fall 80% from about 1500 to 1650 as the metallic ... ................
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