VoxTalks Economics

S6 Ep17: American precious metals and the rise of the West

May 12, 2023

20:40

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Episode notes

Introduction

2min

The History of Gold and Silver in the Americas

2min

The Importance of American Precious Metals in Europe's Economic Growth

3min

The Long Run Neutrality of Money

3min

The Effects of Money on European Economic Growth

2min

The Effects of American Precious Metal Arrivals on Economic Growth in Europe

2min

The Effect of American Precious Metal Arrivals on Trade in Europe

2min

The Effects of the American Precious Metals on Spain's Economy

4min

Goldilocks, American Precious Metals and the Rise of the West

2min

Between the 16th and 18th centuries, at least 180,000 tons of silver and around 4,000 tons of gold were extracted from the Americas and transported to Europe. How much of western Europe’s economic transformation can be attributed to this windfall? Yao Chen tells Tim Phillips about new research that upends the conventional wisdom.