Description

The Silver Empire is the first comprehensive account of how the Holy Roman Empire created a common currency in the sixteenth century. The problems that gave rise to the widespread desire to introduce a common a currency were myriad. While trade was able to cope with-and even to benefit from-the parallel circulation of many different types of coin, it nevertheless harmed both the common people and the political authorities. The authorities in particular suffered from neighbours who used their comparatively good money as raw material to mint poor imitations. Debasing their own coinage provided an, at best, short-term solution. Over the medium and long term, it drove the members of the Empire into rounds of competitive debasements, until they realised that a common currency was the only answer that addressed the core of the problem.Oliver Volckart examines the conditions that shaped the monetary outlook of the member states of the Empire, paying particular attention to the uneven access t

The Silver Empire

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Hardback by Oliver Volckart

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The Silver Empire is the first comprehensive account of how the Holy Roman Empire created a common currency in the... Read more

    Publisher: Oxford University Press
    Publication Date: 1/28/2024
    ISBN13: 9780198894483, 978-0198894483
    ISBN10: 198894481

    Non Fiction , History , Non Fiction

    Description

    The Silver Empire is the first comprehensive account of how the Holy Roman Empire created a common currency in the sixteenth century. The problems that gave rise to the widespread desire to introduce a common a currency were myriad. While trade was able to cope with-and even to benefit from-the parallel circulation of many different types of coin, it nevertheless harmed both the common people and the political authorities. The authorities in particular suffered from neighbours who used their comparatively good money as raw material to mint poor imitations. Debasing their own coinage provided an, at best, short-term solution. Over the medium and long term, it drove the members of the Empire into rounds of competitive debasements, until they realised that a common currency was the only answer that addressed the core of the problem.Oliver Volckart examines the conditions that shaped the monetary outlook of the member states of the Empire, paying particular attention to the uneven access t

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