By Jose R. Deustua
José Deustua argues that constructing international locations needs to be understood when it comes to attaining household improvement in addition to of their function in producing foreign currency and in linking themselves to the realm financial system. concentrating on a variety of sectors of Peru’s mining construction, the mines, proprietors and mine staff, the transportation networks and using muleteers, this research can also be all for market-building and family improvement in nineteenth-century Latin America.
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Extra resources for The Bewitchment of Silver: The Social Economy of Mining in Nineteenth-Century Peru (Ohio RIS Latin America Series)
Example text
Not until the end of the centurywas more silverproduced, butincreased output did notcompensate hlly for falling prices. 2 provides. The output of Peruvian silver mining declined slowly in value throughout the century, with some occasional peaks and some moments of enthusiasm. However, in stark contrast to the traditional view ofa crisis in miningat the beginningof the century, particularly during andafter the wars of Independence, with a slow recuperation by the end, we find that the first half ofthe centurywas brighter than the second.
However, it is also true that we still do not know the exact evolution of the Peruvian GNP in the nineteenth century, although there have beensomeattempts to measure it for specific dates. ^^ As central as mining wasto forging a domestic economy and transforming national society, it was also crucial for the export economy, since this sector was the most important component ofPeruvian 11 T H E BEWITCHMENT O F SILVER exports before the guano age. In later chapters I return to the relationship between these two critical nineteenthcentury export sectors.
1. Prices are based on “Statement Showing the Annual Average Price of Bar Silver per Ounce Standard” of the “Statistical Tables Showing the Progress of British Trade andProduction, London, 1896,” PRO, FO,Accounts and Papm of the British Pnrliamcntary Pafim, 1896,vol. 76,p. See also the priceseries from 1835 to 1915 of Carlos JimCnez, Estndfjtica Minma en 1915(Lima: Cuerpo de Ingenieros de Minas del Peni, 1916,boletin n. 83); and Bolctfn &l CucpPo de Ingvniems de Minas &l Peni, n. 4 (Lima, go^), 28, which closely follows the British series.