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Renate Pieper - Mining, Money and Markets in the Early Modern Atlantic: Digital Approaches and New Perspectives

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Mining, Money and Markets in the Early Modern Atlantic: Digital Approaches and New Perspectives
Author:
Renate Pieper / Claudia de Lozanne Jefferies / Markus Denzel
Publisher:
Springer Nature
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Books / Romance novel
Year:
2019
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This volume documents recent efforts to track the transformation and trajectory of silver during the early modern period, from its origins in ores located on either side of the Atlantic to its use as currency in the financial centres of continental Europe. As a point of comparison, copper mining and its monetary use in the early modern Atlantic World will also be considered. Contributors rely mainly on economic and economic history methodologies, complemented by geographical and cultural history approaches. The use of novel software applications as tools to explain economic-historical episodes is also detailed.

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Contents

Landmarks

Palgrave Studies in Economic History

Series Editor

Kent Deng

London School of Economics, London, UK

Palgrave Studies in Economic History is designed to illuminate and enrich our understanding of economies and economic phenomena of the past. The series covers a vast range of topics including financial history, labour history, development economics, commercialisation, urbanisation, industrialisation, modernisation, globalisation, and changes in world economic orders.

More information about this series at http://www.palgrave.com/gp/series/14632

Editors

Renate Pieper , Claudia de Lozanne Jefferies and Markus Denzel

Mining, Money and Markets in the Early Modern Atlantic

Digital Approaches and New Perspectives

Editors

Renate Pieper

Institute of History, University of Graz, Graz, Austria

Claudia de Lozanne Jefferies

Department of Economics, City, University of London, London, UK

Markus Denzel

Historisches Seminar Lehrstuhl fr, Universitt Leipzig, Leipzig, Germany

Palgrave Studies in Economic History

ISBN 978-3-030-23893-3 e-ISBN 978-3-030-23894-0

https://doi.org/10.1007/978-3-030-23894-0

The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed.

The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.

The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Cover illustration: Robert Kawka/Alamy Stock Photo

This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG

The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Acknowledgements

We would first like to thank Professor Ken Deng, editor of Palgrave Studies in Economic History , for accepting our book as part of the series.

This volume owes a great deal to Werner Stangl, Harry Vossen and Harald Kleinberger-Pierer for their meticulous editorial input. We are also grateful to Laura Pacey, Ruth Noble, Clara Heathcock, Yuvaraj Krishnan and all the other Palgrave staff engaged in the transformation of our manuscript into a book.

Last but not least, our gratitude goes to the Karl-Franzens University of Graz, the University of Leipzig and the Economics Department of City, University of London for their generous financial support.

Renate Pieper

Claudia de Lozanne Jefferies

Markus Denzel

Contents

Part I Introduction

Renate Pieper , Claudia de Lozanne Jefferies and Markus Denzel

Part II Theory

Peter Bernholz

Jrme Blanc and Ludovic Desmedt

Renate Pieper

Part III Mining

Werner Stangl

Amlia Polnia and Johan Garca Zalda

Domenic Hofmann

Peter Paul Marckhgott-Sanabria

Part IV Money

Claudia de Lozanne Jefferies

Jos Enrique Covarrubias

Harald Kleinberger-Pierer

Part V Markets

Manuel Gonzlez-Mariscal

Andrs Caldern Fernndez , Rafael Dobado Gonzlez and Alfredo Garcia-Hiernaux

Markus Denzel

List of Figures

Fig. 1.1 From mining to money ( Source Peter Paul Rubens, The Arch of the Mint, 1635. (c) KMSKA. Photo Rik Klein Gotink)

Fig. 2.1 Trilateral barter. O: Offer of good. D: Demand of good

Fig. 2.2 Didrachm from Lucania (Sybaris), 550510 B.C ( Source http://gams.uni-graz.at/o:numis.35 )

Fig. 9.1 Index of corn prices Nueva Galicia and central Mexico, 15571600 (base: 15571559) ( Source Borah 1992)

Fig. 9.2 Groot per maravedi deviation from 5-year moving mean ( Source Denzel 1995)

Fig. 11.1 Example of linear and orthographic perspective, wayside cross, left upper corner two views in orthographic view, other pictures in linear perspective ( Source Albrecht [1623, Pl. D, No. 6469])

Fig. 11.2 Collection of machines and tools for coinage in linear perspective, copperplate ( Source Flibien [1690, p. 359, pl. LIV])

Fig. 12.1 Consumer Price Index in Seville, 15011610 (in velln [In Castile, the sixteenth century was characterised by monetary stability, so that silver prices were equal to velln prices between 1501 and 1598. Monetary debasement started to take place in 1599 and still in 1610 the differential between velln prices and silver prices was not very relevantless than 2% (Gonzlez-Mariscal 2017, p. 287, Fig. 3)], 11-year moving averages, base 100=15011510 average) ( Source Gonzlez-Mariscal [2015, 2017] and Hamilton [1983])

Fig. 12.2 Inflation in Seville, 15011610 (11-year moving averages). Highlighted: high inflationary periods ( Source Gonzlez-Mariscal [2015, 2017])

Fig. 12.3 Wheat prices in Carmona and Seville, 14561550. Index numbers, base 100=14611470 average ( Source Gonzlez Jimnez [1976] and Gonzlez-Mariscal [2013])

Fig. 12.4 Index of baptisms in Seville and Western Andalusia, 15011610 (5-year moving averages, base 100=15211530 average) ( Key Western Andalusia includes the current provinces of Seville, Cdiz and Huelva. Source Gonzlez-Mariscal [2013])

Fig. 12.5 Cereal production in the Archbishopric of Seville, 15211610 (9-year moving averages; Index number, base 100=15211530 average) ( Source Llopis and Gonzlez Mariscal [2010])

Fig. 13.1 Silver production and outflow, 17641850 ( Source see Footnote 1)

Fig. 13.2 Interest rate by decade ( Source http://notarias.colmex.mx/ ; Archivo Histrico de Notaras de la Ciudad de Mxico)

Fig. 13.3 Yearly per cent rates of growth of the accumulated stock of silver, 17701849 ( Source see Footnotes 1 and 8)

Fig. 13.4 Volumes of loans, 1770s and 18191818 ( Source http://notarias.colmex.mx/ ; Archivo Histrico de Notaras de la Ciudad de Mxico)

Fig. 14.1 The Price revolution in Spain in the late sixteenth centurywhich markets are concerned?

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