1621 to between 7 and 8 current thaler, while the ducat had risen to 13 florins 30 kreutzers.

Tabularly the statement of the movement of the Reichs-thaler is this:—

Date. Florin. Krtzers. Date. Florin. Krtzers.
1582 1 8 1621Jan. 2 20
1587 1 9Feb. 2 24
1590 1 10 March 2 30
1594 1 11 April 2 36
1596 1 12 May 25 2 48
1603 1 14 May 31 3 15
1604 1 14 June 3 6
1605 1 15 July 3 15
1607 1 16 Aug. 4 0
1608 1 20 Aug. 10 3 15[A]
1609June 15 1 22 Sept. 4 30[A]
July 7 Oct. 5 0[A]
Dec. 19 1 24 Nov. 5 30[A]
1610 1 24 Dec. 6 30[A]
1613Sept. 1 26 Dec. 20 3 15
1614Aug. 1 28 1622 Jan. 18 7 30[B]
1615March 1 28 Jan. 27 4 30
Nov. 1 1 24 Feb. 10 10 0[C]
Nov. 17 1 30 Mar. 10 0[C]
1616 1 30 Mar. 12 6 0
1617 1 30 June 16 3 15[A]
1618 1 32 Oct. 5 0[B]
1619Oct. 1 48 Nov. 6 0[B]
Dec. 2 4 1623 April 1 30
1620June 2 8 And at this last figure standing up to 1669.
Nov. 9 2 20

[A] Nürnberg.

[B] Augsburg.

[C] Vienna.

The course of the gold gulden which could be given is exactly parallel.

This table speaks volumes. It marks the acuteness of the monetary panic and crisis of 1621-22—the central time of the commercial ruin induced by the disorder of the Kipper und Wipper Zeit. The pamphleteer and polemic literature of this crisis is as

rich and instructive as any which has accompanied the bimetallic agitation and silver question of our later days.

At Hamburg the thaler, which had gradually risen from an equivalence of 24 schillingen to 33 schillingen in 1609, had a correspondingly excited course during these years.