Price Revolution (1504 - 1630) (27 oct 1504 año – 27 abr 1630 año)

Descripción:

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.

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