Question

In addition to population growth, what caused inflation in European economies during the fifteenth century? (1 point)(1 point) Responses the influx of gold from America the influx of gold from America the increasing price of spices the increasing price of spices the influx of cochineal the influx of cochineal the influx of silver from America

Answer 1

The primary cause of inflation in European economies during the fifteenth century, in addition to population growth, was **the influx of gold and silver from America**. This increased the money supply in Europe, leading to inflationary pressures. Both gold and silver contributed to this phenomenon, but silver, in particular, played a significant role due to its widespread use in coinage and trade.