Where Did The Potosi Silver Go? Silver Isotopes Solve Inflation Question In Tudor And Stuart Europe
Wednesday, November 14, 2012 - 11:40
in Mathematics & Economics
The Price Revolution in Europe, the runaway inflation that occurred during the years between 1515 to 1650, has been attributed to the sudden influx of silver from Mexico and Peru after discovery of the New World, which led to the decline in the value of of silver, and the growth of the European population and therefore competition for goods, which drove up prices. read more