Early Modern Europe – 1450 to 1750
The Price Revolution refers to the significant and sustained increase in prices that occurred in Europe during the late 15th and early 17th centuries, primarily driven by an influx of precious metals from the New World and increased demand for goods. This period saw a dramatic rise in the cost of living, which impacted economic structures and social hierarchies across Europe. It highlights the connection between expanding global trade and local economic changes, shaping society and wealth distribution during this transformative era.
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