Price Revolution (1504 - 1630) (27 Okt 1504 Jahr – 27 Apr 1630 Jahr)
Beschreibung:
Description:
An influx of economy caused by Spain importing too many New World goods
Caused:
-Prices in Spain quadrupled and prices in Europe tripled.
-Damaged the upper class (nobility), as they had a fixed income.
-Affected poor people the worst, as food costs rose sharply.
-Benefited the middle class, as they didn’t have a fixed income, engaged in commercialism, and had decreasing debts.
Zugefügt zum Band der Zeit:
Datum:
27 Okt 1504 Jahr
27 Apr 1630 Jahr
~ 125 years