Uncharted Territories

Uncharted Territories

The Consequences of the Silver Flood

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Tomas Pueyo
Oct 10, 2025
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In the previous premium article, we saw how Europe had no gold and silver left in the Middle Ages, and how that triggered a massive search for these precious metals which transformed the continent. Europe discovered the Americas and reinvented mining in Central Europe, flooding the continent with silver. But this also had massive, unpredicted side-effec…

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