Summary: (Nathan) In 1545, a new Spanish mining town was founded in the Andes mountains of modern-day Bolivia, and for next 250 years, the mines of Potosí would fund the Spanish crown and its imperial ambitions. But what the Spanish did not know is that having too much silver could have disastrous consequences. In this episode, we will examine the history of New World silver and its effect on the world economy, the lives of the people who mined it, and how Bolivian silver contributed to global economic inflation.
