The "price revolution" refers to

A) the establishment of promissory notes throughout Europe.
B) the establishment of different currencies throughout Europe.
C) a sharp rise in inflation during the sixteenth century.
D) a flattening of prices for luxury goods in the late sixteenth century.
E) the promise of increased investment in the New World.

Price Revolution

A period of marked inflation in Europe from the 15th to the 17th century, largely due to the influx of silver and gold from the New World and growing population.

Sixteenth Century

The period from 1501 to 1600, marked by significant developments in art, exploration, and cultural exchange across the world.

Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.