Word: silver
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Dates: during 1890-1899
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...time of the discovery of America gold stood to silver at the ratio of 1 to 11. But as the mining industry of New Mexico and Peru assumed importance, there was a vast preponderance of silver among the metallic supplies. Not till after 1660 did the proportion of silver to gold by weight fall below 40 to 1. The reason why so great an increase of silver did not diminish its value in terms of gold was because silver was a metal which the world greatly needed. It was in an overwhelming degree the world's money. The expansion...
Near the close of the seventeenth century the turmoil which the rapid fluctuation in the relative value of gold and silver had created, had greatly subsided. Silver had by that time reached the place which it was to occupy for a long time to come. The ratio had been changed from 11 to 1 to about...
With the invasion of Spain by the Moors began a renewal of silver mining which soon extended to Germany and Austria. Still, the amount of money was insufficient and this lack tended to demoralize industry during the Middle Ages...
...discovery of America and the importation of gold and silver in great quantities, made it once more possible to carry on trade to advantage...
...candidates, some of whom are especially promising. So the prospects of a first-class team in the spring are good. It is the desire of the manager and all the team to have some good matches played in Cambridge this coming season and also to compete for a silver trophy, probably to be played for in the spring. This will be made possible, however, only by some support from the University...