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AP European History
Unit 1 – Renaissance and Exploration
Topic 1.8
How did the discovery of silver mines in the Americas influence European economies?
Silver mining led directly to widespread deflation
It prompted Europeans to abandon gold standard economic systems altogether
It sparked inflation by increasing money supply significantly across Europe
There was no substantial impact on economies as silver wasn't considered valuable
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AP European History - 1.8 Columbian Exchange
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Americas
Discovery of Silver Mines
European economies
Influence
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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