The Price Revolution (jan 1, 1450 – jan 1, 1630)
Description:
The influx of gold from the Americas filtered wealth through the populations of Europe and more people could afford goods. Inflation increased and allow European superpowers to fund lavish palaces, conquests, and campaigns. The rise of mercantilism is almost parallel to that of the Price Revolution. However by the 1630s, Spanish gold was running out and rising inflation created a financial crisis in Europe.Added to timeline:
Date:
jan 1, 1450
jan 1, 1630
~ 180 years