
S6 Ep17: American precious metals and the rise of the West
VoxTalks Economics
The Effects of the American Precious Metals on Spain's Economy
Spain's economy was very vulnerable to maritime disaster events that disrupted this metal flow. Big maritime disasters shaved a cumulative 67% of Spanish GDP growth. By contrast, the second-stage receivers like England, Holland, France and Italy were much more insulated from such transport losses.
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