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TERRA ECONOMICUS

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  • No 2
  • Silver production in Altai in the second half of the 18th and 19th centuries: The influence of global trends

Silver production in Altai in the second half of the 18th and 19th centuries: The influence of global trends


TERRA ECONOMICUS, , Vol. 21 (no. 2),

The paper centers the silver production in Altai at the period of Empire as a part of the world industry, whereas the Siberic historiography considers it as only having no analogues phenomenon of the local history. The contributing statistics of world silver production and world silver and golden prices dynamic brings into sharp focus the place and role of Russia in the world silver industry at the New Age. The results of generalizing studies of classical German mining districts are arising quite in keeping with the rich factual material accumulated by Russian historiography of silver production in Altai and shed the light on common economical and production management trends of the epoch. The unity of the geological patterns of ore occurrence and the Saxon roots of the Altai industry provide a broad basis for a comparative analysis of the mineral resources economic use which were historically established in Freiberg, Upper Harz as well as Altai to make a credible conclusions. Such an organizational model of production as a mining district in Germany and then in Russia was formed during the period of feudalism and proved to be incompatible with capitalism of free competition. Therefore, the elimination of silver smelting production in Freiberg and Altai at the turn of the 19th and 20th centuries was due to general reasons, such as the fall in world prices for silver and the restructuring of non-ferrous metallurgy for the production of zinc, copper, lead and other non-ferrous metals.
Citation: Vedernikov V.V. (2023). Silver production in Altai in the second half of the 18th and 19th centuries: The influence of global trends. Terra Economicus 21(2), 55–67 (in Russian). DOI: 10.18522/2073-6606-2023-21-2-55-67


Keywords: Altai; bimetallism; Freiberg; silver; Nerchinsky foundries; Upper Harz

JEL codes: N13

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606