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The documents summarize the economic effects of the global flow of silver from the mid-16th century to the early 18th century: - High prices in Spain resulted from the influx of silver from the Americas, which attracted goods from Asia and drained silver currency out of Spain to pay for imports. Silver from Potosi mines in Bolivia flooded markets globally. - In China, the scarcity of silver coin due to its outflow to pay taxes and for imports contributed to falling grain prices, reducing returns for farm

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api-439706191

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