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In the 1500s, the value of money varied significantly by region and the currency used. For example, in England, a pound sterling was a substantial amount, equivalent to about 20 shillings or 240 pence, and could represent a year's wages for a skilled laborer. In Spain, the real and the escudo were common currencies, with varying values based on local economies. Overall, wealth and purchasing power depended heavily on social class, location, and specific historical context.

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4mo ago

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