Price Revolution (1504 - 1630) (27 ottob 1504 anni – 27 apr 1630 anni)
Descrizione:
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.
Aggiunto al nastro di tempo:
Data:
27 ottob 1504 anni
27 apr 1630 anni
~ 125 years