Home >  Term: Price revolution
Price revolution

The large influx of gold and silver into Europe from Spanish America during the sixteenth century, along with increased demand for limited supplies of goods, set off a three fold rise in prices (the "great inflation") that caused profound economic turmoil, social disruption, and political instability among European peoples and nations.

0 0

Creator

  • TJR
  •  (Bronze) 331 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.