In addition to population growth, what caused inflation in European economics during the fifteenth century?
the influx of cochineal
the influx of gold from America
the increase price of spices
the influx of silver from America
1 answer
The influx of silver from America was one of the factors that caused inflation in European economics during the fifteenth century. The discovery and subsequent colonization of the Americas resulted in a significant increase in the amount of silver being brought back to Europe. This influx of silver disrupted the existing economic balance and led to inflation as the increased supply of silver decreased its value relative to other goods and services.