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Mention two factors that brought a …

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Mention two factors that brought a stability in the silver currency during the 16th and 17th centuries
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Vrinda Sahai 5 years, 9 months ago

Voyages of discovey and opening up of the New World led to an expansion of trade between Asia and Europe. This resulted in greater geographic diversity of India's overseas exports and an expansion of the commodity composition of this trade. Large bullions of silver flowed into Asia as a means to pay for the good procured from India as a large portion of this gravitated towards India. This was
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