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Title: American Treasure and the Price Revolution in Spain, 1501-1650 by Earl J. Hamilton ISBN: 0-374-93420-7 Publisher: Octagon Books Pub. Date: 01 June, 1965 Format: Hardcover List Price(USD): $31.50

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Summary: The impressive power of empirical research
Comment: Earl J. Hamilton spent a good part of his productive life gathering enormous amounts of data on the evolution of prices, wages and the value of money in Spain form 1350 to 1800. In this volume, the second of Hamilton's "trilogy", he presents his main findings on the critical period between 1500 and 1650, when Spain rose to dominate the world and at the same time laid the foundations of its future decline. Hamilton emphasizes the key role of American precious metals in fueling the Spanish political and military expansion, as well as its effects on prices, wages , geopolitical ambitions and the ultimate demise of the empire on which the sun never set. Carefully constructed series for imports of gold and silver, price indexes for as many as 150 commodities and wages during the whole 150 years period at several locations are the fruit of prime quality research on almost every primary source available. Despite being originally published in 1928, this work still provides excellent raw material for researchers, and will continue to do so for many years to come.