Asked by Oojageer Suhayla on Sep 26, 2024
Verified
Growing inflation within Europe in the sixteenth century resulted from
A) the beginning of the Industrial Revolution.
B) the introduction of slaves into the European economy.
C) the importation of gold and silver from the New World.
D) the banking revolutions in the previous century.
E) the end of the religious wars in Europe.
Industrial Revolution
A period of major industrialization from the late 18th to mid-19th century that transformed mainly agrarian, rural societies in Europe and America into industrialized, urban ones.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
- Identify the economic changes and their impacts in 16th century Europe.
Verified Answer
AA
Aulia Adzkia Fauziabout 18 hours ago
Final Answer :
C
Explanation :
The importation of gold and silver from the New World resulted in an increase in the money supply without a corresponding increase in goods and services, leading to inflation. This phenomenon is known as the "Price Revolution" and was a significant economic event of the sixteenth century in Europe.
Learning Objectives
- Identify the economic changes and their impacts in 16th century Europe.