0
Why was there such severe inflation in Europe during the 16th century?
Wiki User
∙ 12y ago
Exploration,colonization, and exploitation of the New World (which turned out to be much larger in size than anybody initially realized) meant that there was a massive influx of precious metals - gold and silver - into Europe.
In an age before paper money, precious metals were used for coinage, the currency of the day.Much of the gold and silver that arrived from the New World was minted into coins, which meant there was much more cash in circulation, the amount increasing as the century progressed.
The steady and large increase in coinage as the century went on led to inflation, which was more severe because it was ongoing throughout the century for the reasons mentioned above.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What types of severe punishment were used during the Inquisition?
"The Rack" = Stretched a person's Joints with ropes or chains attached to a roller with a crack - Renee B
How did Florence Joyner die?
of epilepsy an unusual act in the brain cause of death was suffocation during a severe epileptic sezure september 21 1998 age 38
What was one major objective of the Marshall Plan following World War ?
After WW 2, Europe was in severe trouble. The economy had been damaged, or outright destroyed. People would not be able to work since roads, railroads, schools, factories, hospitals, bridges, dams, water, power and phone systems had been destroyed. The Marshall Plan targeted helping rebuild Europe to prevent people from dying from disease and starvation, and to help preserve democratic governments in Europe.
Why was World War 1 considered a global conflict even though the majority of the fighting took place on European soil?
Because, while you're correct that the most severe fighting was in Europe, there were also battles in Africa, the Middle East and East Asia.
What describes an attempt by western liberal democracies to increase their influence in Europe and slow the spread of communism following world war 2?
The Marshall Plan sent United States monetary aid to Europe to help with reconstruction.
What century did the economy of Europe sink into a deep depression?
14 th
What was one similarity between France during the 1790's and Germany during the 1920's?
Severe inflation contributed to the rise of radical political groups
What is the definition of economic inflation?
Economic inflation or just inflation is the rate at which the general level of prices for goods and services is rising. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum. Inflation or deflation will always occur in a economy but the role of the Fed is to make less severe.
What is inflation on working capital?
What_is_inflation_on_working_capitalimpact of inflation onworkingcapital
Why Spain had severe inflation?
what is the cause of the spanish economy declined and at times spain was bankrupt
The region of Europe experiencing the most severe air pollution is?
Eastern Europe
How did the severe inflation in Germany affect the population?
For Millions of Germans, a lifetime's worth of hard work and savings had vanished!
Old stone age people in Europe survived the severe cold weather during the glacial periods because they?
They built fireplaces and wore fur coats
What is the most severe earthquake in the 21st century?
8225
What is the comparative degree and superlative degree of severe?
Severer and Severest. Example: Winters in Prudhoe Bay are usually severer than winters in Palm Beach. In 2000, Zambia experienced its severest inflation of the past decade.
What is continentality What effect does it have on the climate of Europe?
Continentality can be defined as large landmass. It results to severe temperature in Europe.
Which effect of low inflation might make it difficult for students to go to college?
Low inflation can have severe effects on interest rates and student loans. If the interest rates get too high it can become difficult for students to go to college.
