What exactly was the driving force behind the 16th-century price revolution, and how did it transform the economic landscape of Europe? On this episode of "I Take History With My Coffee," we promise to unravel these questions, shedding light on this captivating period marked by dramatic inflation. Join us as we explore the complex interplay of factors that scholars believe fueled this economic upheaval. From the influx of precious metals from the Americas to the population booms following the Black Death, we piece together the intricate puzzle of this pivotal chapter in history.
Our conversation explores the three dominant theories proposed by historians and economists to explain the price revolution. With insights from 16th-century scholar Jean Bodin, we dissect the monetary theory that places American bullion at the heart of inflationary pressures while also examining its limitations. Discover how demographic shifts and supply and demand dynamics played crucial roles in shaping price patterns across Europe.
Resources
The Economy of Later Renaissance Europe 1460-1600 by Harry Miskimin
The Cambridge Economic History of Europe: Vol 1V - The Economy of Expanding Europe in the Sixteenth and Seventeenth Centuries
American Treasure and the Price Revolution in Spain 1501-1650 by Earl J Hamilton
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Intro Music: Hayden Symphony #39
Outro Music: Vivaldi Concerto for Mandolin and Strings in D
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