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<p>[QUOTE=&quot;goossen, post: 793629, member: 1545&quot;]<i>During the reign of Frederick, the effects of the Seven Years&#039; War and the gaining of Silesia greatly changed the economy. The circulation of depreciated money kept prices high. To revalue the Thaler, the Mint Edict of May 1763 was proposed. This stabilized the rates of depreciated coins that would not be accepted and provided for the payments of taxes in currency of prewar value. This was replaced in northern Germany by the Reichsthaler, worth one-fourth of a Conventionsthaler. Prussia used a Thaler containing one-fourteenth of a Cologne mark of silver. Many other rulers soon followed the steps of Frederick in reforming their own currencies – this resulted in a shortage of ready money thus lowering prices.</i>[/QUOTE]</p><p><br /></p>

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