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What caused inflation in Europe during the Age of Exploration?
Wiki User
∙ 11y ago
After returning from Mexico, Spanish explorers sold a large quantity of the gold they found there. Basic economics proves that the more money a country has, the higher the prices of all of their goods will be. Of course even with this new money entering the country, most of Spain remained poor. When people have more money, they want more material things because they can afford to spend. The demand for goods from the New World exploded. The ships could only bring back so much. This allowed sellers to sell their merchandise for extreme prices because people would pay it. As the prices rose, many citizens
couldn't
afford to feed themselves. The rich became richer and the poor became poorer.
Wiki User
∙ 11y ago
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What is the inflation and what caused it in Europe during the age of exploration?
The so-called Age of Exploration was a period from the early 15th century and continuing into the early 17th century, during which European ships were traveled around the world to search for new trading routes and partners to feed burgeoning capitalism in Europe. A final result of exploration was a new economic policy called mercantilism. European rulers believed that piling up wealth was the best way to build their countries' power. For this reason, they tried to reduce the things they bought from other countries and increase the items they sold.
How exploration and trade contributed to the growth of capitalism in Europe during this time?
how exploration led to capitalism
How did exploration and trade contributed to the growth of capitalism in Europe during this time?
how exploration led to capitalism
What country was powerful in Europe during the golden age of exploration?
There were multiple most powerful countries in Europe during the Golden Age of Exploration. They included Spain, France, and England.
Did rulers discourage exploration outside of Europe during the Renaissance?
no
What caused northern businesses to suffer during war?
Inflation made supplies more expensive.
What caused the Northern Businesses to suffer during the war?
Inflation made supplies more expensive.
During the Renaissance (14th to 17th century) Europe saw a rise in sea navigation and exploration to North and South America. How did this exploration affect Europe's trade market with Africa?
It made Europe increasingly dependent on Africa for trade.
What reasons caused the northern businesses to suffer during the war?
Inflation made supplies more expensive
What caused the death of Native Americans during the Ages of Exploration?
Explorers caused their deaths( desease, murder, hard labor, etc.).
What caused the dollar to be devalued during the American Revolution?
Simply, Inflation of printing too much paper money for weapons during the war.
Why did inflation occur in the north and the south during the civil war?
the limited supply of goods caused prices to rise.
