The price revolution (1 gen 1550 anni – 1 gen 1650 anni)
Descrizione:
Inflation across Europe, 2-3%, which was surprising for a stable priced economy. Wages couldn't keep up and the living standard went down. this benefited the commercial and industrial entrepreneurs and aristocrats. The Government had to take more loans and charge more taxes. Increase in population.
Aggiunto al nastro di tempo:
Data:
1 gen 1550 anni
1 gen 1650 anni
~ 100 years