The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
the higher figure represents the price ruling at the date of the
ordinance, the lower figure is the price to which return was to be made
from and after some date fixed thereby. A simple glance at the tables
will show how futile and foredoomed was every such attempt to rule and
compel the exchanges. For the explanation of these tables it will be
sufficient to give the dates of the Netherlands ordinances, premising
that up to 1586 the series was applicable to the whole Netherlands, but
that from that date there is a separate series for the Seven United
Provinces, and for the Spanish Netherlands.
Netherlands Plakkaats.
27th July 1572.
7th February 1573.
22nd June 1574 (countenances the rise of prices over those of 1572
only until the end of the year).
3rd December 1575.
19th April 1576 (for Holland and Zealand, and to continue for only six
months, when, by the ordinance of 25th October of the same year,
a considerably lower limit was prescribed).
1579. In this year no less than four plakkaats were issued, with the
object of enforcing a reduction of prices, but in vain, and the
last of the four, issued on the 19th December, was obliged to
recognise some portion of the rise of prices which it was
attempted to counteract.
9th October 1581. In less than a year the effect of the strenuous
attempt in 1579 had been completely swept away, and a further
advance had to be recognised.
From 1586 the series of proclamations divides into two, as has been
said, owing to the revolt and establishment of the United
Netherlands.
The one set, relating to the Spanish Netherlands, includes
proclamations of
30th April 1590, again recognising provisionally a further advance,
and renewed on
15th December 1593,
21st October 1594,
16th November 1599,
23rd June 1602 (with some slight alterations),
30th December 1605, attempting to restrain a farther advance,
30th June 1607,
13th May 1609,
30th September 1610,
22nd March 1611, again recognising the inevitable advance.
The last named remained in force until 21st May 1618, with the
exception of not being applicable in Volkenburg, Dalen, and
Limburg, where the abnormal height to which monies had risen
necessitated a special ordinance (4th March 1616), lowering the
price to the limit of 22nd March 1611, by five separate
three-monthly steps or intervals.
[Sidenote: THE PLAKKAATS OF THE UNITED PROVINCES]
The second and separate series of monetary ordinances issuing from their
High Mightinesses, the States-General of the United Provinces, is
remarkably parallel to the above. It begins with the ordinance of 2nd
September 1594: "In view of the rising price of gold and silver," it
says, a "lessening of that price to the limit of 1586 is ordered at
three intervals, 15th September 1594, 10th November, 10th January 1595."
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account