The silver boom faded after a decade, and the town shrank.
In 1862, at the peak of the silver boom, Austin had a population of 10,000 people.
But the silver boom peaked in 1584, and economic depression returned shortly thereafter.
In 1893, financial panic swept the nation, and the silver boom collapsed.
The imposing basilica itself, finished in 1696, marks the period of the region's first great silver boom.
During the silver boom of the 1880's, the town government was partly financed by a tax on prostitution.
Many of the communities date from the 1870s silver boom and have been inhabited since.
Mining increased in England, with the silver boom of the 12th century helping to fuel a fast-expanding currency.
Aspen, spawned in a silver boom during the late 1800's, now relies on snow.
A miner at heart, Hagerman was not about to be left out of the silver boom hitting the region.