Potosí

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Community · Price revolution

Summary

Potosí, known as Villa Imperial de Potosí in the colonial period, is the capital city and a municipality of the Department of Potosí in Bolivia.

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source of the silver causing inflation
The discovery and large-scale mining of silver at Potosí provided the vast quantities of precious metals that flooded European markets, directly fueling the inflationary pressures of the 16th century.
SourcesWikipedia Wikidata Wikipedia Wikidata
source of silver driving the price revolution
The massive extraction of silver from Potosí was the primary driver of the monetary expansion that the School of Salamanca analyzed.
SourcesWikipedia Wikidata Wikipedia Wikidata

Facts