This type of occurrences going on during the roughly the same time frame triggered a dramatic surge regarding the property value gold and made spending taxation almost impossible for some provinces. Anyone began hoarding precious gold, pushing the brand new proportion of the value of copper to help you gold on the a high refuse. On the 1630s, a sequence of just one thousand copper coins is value an oz of gold; because of the 1640 it actually was quicker for the value of 1 / 2 of an ounce; from the 1643 it absolutely was worth about one to-3rd from an ounce.
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