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Although Mexico and Peru were the chief source of the world's silver, after 1620 silver was always at a premium in Spain and wellón constituted the accounting unit and the chief medium of exchange (the cuarto also became a common accounting unit). The silver flowed through Spain in a steady stream to pay for imports, wars, and imperial expansion.
Taíno genocide Viceroyalty of New Spain (1535–1821) Siege of Havana (1762) Captaincy General of Cuba (1607–1898) Lopez Expedition (1850–1851) Ten Years' War (1868–1878) Little War (1879–1880) Cuban War of Independence (1895–1898) Treaty of Paris (1898) US Military Government (1898–1902) Platt Amendment (1901) Republic of Cuba (1902–1959) Cuban Pacification (1906–1909) Negro ...
The Cuban peso (in Spanish peso cubano, ISO 4217 code: CUP) also known as moneda nacional, is the official currency of Cuba.. The Cuban peso historically circulated at par with the Spanish-American silver dollar from the 16th to 19th centuries, and then at par with the U.S. dollar from 1881 to 1959.
The loss of Cuba and the Philippines benefited Spain by causing capital to return and to be invested in updated domestic industries. But even with the stimulus of World War I, only in Catalonia and in two Basque provinces (Biscay and Gipuzkoa) did the value of manufacturing output in 1920 exceed that of agricultural production. Agricultural ...
Shaw, W.A. (1967) [1896], The history of currency 1252 to 1894: being an account of the gold and silver moneys and monetary standards of Europe and America, together with an examination of the effects of currency and exchange phenomena on commercial and national progress and well-being, New York: G.P. Putnam's Sons, reprinted by Augustus M ...
Taíno genocide Viceroyalty of New Spain (1535–1821) Siege of Havana (1762) Captaincy General of Cuba (1607–1898) Lopez Expedition (1850–1851) Ten Years' War (1868–1878) Little War (1879–1880) Cuban War of Independence (1895–1898) Treaty of Paris (1898) US Military Government (1898–1902) Platt Amendment (1901) Republic of Cuba (1902–1959) Cuban Pacification (1906–1909) Negro ...
The Independence of Mexico in 1821 was initially difficult for the country, with the loss of its supply of mercury from Spain in silver mines. [2] Most of the patterns of wealth in the colonial era continued into the first half of the nineteenth century, with agriculture being the main economic activity through the labor of indigenous and mixed ...
During Spanish colonization, Cuba was under the administration of the Viceroyalty of New Spain in Mexico City. In 1821, Mexico gained independence from Spain, but Cuba remained a part of the Spanish Empire for 77 years until it won independence from Spain in 1898 as a result of the Spanish–American War.