Question
In addition to population growth, what caused inflation in European economies during the fifteenth century?(1 point) Responses The influx of cochineal The influx of cochineal The increasing price of spices The increasing price of spices The influx of silver from America The influx of silver from America The influx of gold from America
Answers
GPT-4o mini
The correct response is: **The influx of silver from America**.
During the fifteenth century, particularly after the discovery of the Americas, the large influx of silver, particularly from mines in places like PotosÃ, had a significant impact on European economies, contributing to inflation. This is often referred to as the "Price Revolution."
During the fifteenth century, particularly after the discovery of the Americas, the large influx of silver, particularly from mines in places like PotosÃ, had a significant impact on European economies, contributing to inflation. This is often referred to as the "Price Revolution."