Germany had to pay reparations.
In managerial accounting and cost accounting, production costs are the direct materials, direct labor, and manufacturing overhead used to manufacture products. The production costs are also referred to as manufacturing costs, product costs, a manufacturer's inventoriable costs, or the costs occurring in the factory.
The increase in the trade of silver during the period between 1550 and 1800 is due to the fact that silver was started to be used as a standard currency for trade purposes. Even though it was not considered as "legal tender", as it would later be used for this purpose with the introduction "Bimetallism" in the 19th century, it was widely adopted as a tool for trade among the civilizations that existed at the time.
