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Notes -
Which one is that? I haven't heard that one.
The patio method allowed the spanish to use silver ores that wouldn't have been profitable otherwise; like all pre-industrial regimes, their ability to mobilize labour(very much including soldiers but also the craftsmen, farmers etc to equip and feed those soldiers) was rate-limited by their net production of silver coins to pay for that labour(proles in history expect to be paid in silver, not gold, gold isn't the equivalent of a ben franklin- it's the equivalent of $100k bill, basically a year's salary for the upper end of the class that does actual work. Soldiers and labourers are paid in silver alloyed coins, gold alloys are used for big budget transactions between large companies[mostly reconciling accounts] and pure gold is mostly an accounting fiction for budgets and the like). Economics is just really different in an era where the labor theory of value isn't BS. The patio method allowed silver mines which had the high value ores tapped out to be continually exploited, giving Spain a revenue stream to equip its armies better(remember the labour theory of value is actually true until ~1750) and recruit more soldiers. Most Spanish soldiers, armorers, farmers feeding their armies, etc were Germans who had to be paid in cash to prevent defection; that's not to say Spanish armies in the eighty years war were particularly well run(they were a logistical disaster, the same as the modern day Saudi army- again, this is the equivalent of a third world country striking oil and suddenly having an unlimited credit line for military equipment) but at a certain point blacksmiths can just not cooperate particularly well, you have to fork over the money. Spanish army chits were worth the paper they were printed on because Spain had unlimited cash reserves due to the ability to reopen tapped out mines with superior refining methods- even the loot from the inca and aztec empires runs out fast.
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