this post was submitted on 08 Nov 2023
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[–] Luisp@lemmy.dbzer0.com 3 points 1 year ago

During the years of Spanish provinces in America, some small banks would own the entire land and pay the locals using their own currency only print by them, 1 coin equals 1 day of labor which was nearly enough for 2 meals, then the Spanish kingdom would forgive the landowners taxes if the locals were forced into Christian religion.