Silver Standard in Global Trade
Poets involved
What happened
By 1700, the silver standard became a crucial component of global trade, paralleling the decorative uses of gold leaf. Silver's role as a medium of exchange facilitated commerce across continents, influencing economic relationships between nations. The establishment of the silver standard marked a significant development in monetary systems, shaping trade practices and economic policies in the early modern world.
Literary impact
The silver standard in global trade established around 1700 was reflected in mercantile poetry and ballads that celebrated commerce. Poets like John Milton and Robert Herrick used this economic backdrop to explore themes of wealth, morality, and the human condition in their works.
Source: Wikipedia
