Price Revolution (1504 - 1630) (oct 27, 1504 – apr 27, 1630)
Description:
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.
Added to timeline:
Date:
oct 27, 1504
apr 27, 1630
~ 125 years