Price Revolution's effects
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What impact did the Price Revolution have on the governments and people of Europe?
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Solution Summary
There were actually several waves on price revolutions; however, the most pronounced would be the 16th century. This was immediately after the "Black death" which killed a quarter of Europe's population. The advent of the plague caused a scarcity in production of food as a large portion of the population was dying. This lack of manpower caused production to falter. After the plague the population increased rapidly which created a natural demand for food.
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There were actually several waves on price revolutions; however, the most pronounced would be the 16th century. This was immediately after the "Black death" which killed a quarter of Europe's population. The advent of the plague caused a scarcity in production of food as a large portion of the population was dying. This lack of manpower caused production to falter. After the plague the population increased rapidly which created a natural demand for food. Additionally, there was a large in flux of money which caused devaluation. ...
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