Influx of American silver causes bankruptcy in France and Spain

(17 words)
  • Editors

Historical Context Note

France and Spain face bankruptcy as a result of the influx of silver from the American colonies.
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Citation:
Editors. "Influx of American silver causes bankruptcy in France and Spain". The Literary Encyclopedia. First published 01 February 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=14949, accessed 01 August 2014.]