1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
polet [3.4K]
3 years ago
11

What was the average Dutch annual income in the 1630s? At the same time, the price of one tulip bulb was approximately how many

times more than the average annual salary? What does this data show about the effects of runaway inflation on an individual's buying power?
History
1 answer:
Tpy6a [65]3 years ago
6 0

Answer:

1. Average annual income of 5000 guilders

2. the rarest tulip bulbs traded for as much as six times the average person's annual salary

3. When a currency's purchasing power decreases due to excessive inflation, serious negative economic consequences arise, including rising costs of goods and services contributing to a high cost of living, as well as high interest rates that affect the global market, and falling credit ratings as a result.

Explanation:

A number of factors contributed to the conditions that caused Tulip Mania. To start, the coin debasement crisis of the 1620s was followed by a period of prosperity in the 1630s. This prosperity coincided with an outbreak of the plague, which caused a labor shortage and increased real wages and surplus income.

You might be interested in
Why did U.A.E trade in the past?
Novosadov [1.4K]

Answer:

United Arab Emirates, federation of seven emirates along the eastern coast of the Arabian Peninsula. The federation formed in 1971 after British forces withdrew from the Persian Gulf. Since then the country has become a major center for oil, commerce, and finance in the region.

Explanation:

4 0
3 years ago
When was the Declaration of Independence signed
Murrr4er [49]
The Declaration of Independence was signed July 4th, 1776.
7 0
3 years ago
Read 2 more answers
Which company paid the largest criminal fine in history?
laiz [17]

Answer: Pfizer received the largest criminal fine in history.

Explanation:  the company had to pay a criminal fine of $1.195 billion and its subsidiary Pharmacia & Upjohn Company

3 0
3 years ago
The Outsiders Johnny says, "I couldn't shoot anybody." However, he just stabbed someone. How is this different?
Alex

The only difference between the two is the action in which it was done. They are still similar because you are physically hurting another individual.

5 0
3 years ago
A difference between spanish and french settlers in north america was that
Ira Lisetskai [31]

Spanish settlements in North America had one purpose only: to protect their shipments of gold and silver from competing European powers. The first successful settlement in North America, St. Augustine, Florida was built to protect Spanish fleets from attack by privateers. The statement above that the Spanish had "big cities. large farms" is patently incorrect.

It should be noted that the first successful rebellion in America; Pope's rebellion, also known as the Pueblo revolt, was the result of numerous failed promises on the part of the Spanish. Four hundred Spaniards were killed in the revolt and the Spanish lost control of New Mexico.

8 0
3 years ago
Other questions:
  • How was Samuel slater able to build the first factory in the United States
    11·1 answer
  • According to MLA style how should a magazine article title be formatted in the works cited page
    8·2 answers
  • What kinds of leaders came to power in italy germany and the soviet union before ww2?
    12·1 answer
  • In The Spirit of the Laws (1748), __________ argues that any government, if it is to protect the liberty of its citizens, needs
    11·1 answer
  • Raising and collecting taxes is an example of __________.
    12·1 answer
  • Name and explain one reason for the start of the decline of the Roman Empire.
    5·1 answer
  • The rights to own property, join a labor union, and establish a business are all:
    9·1 answer
  • Woodrow Wilson's foreign policy differed from that of Theodore Roosevelt and William Howard Taft by its emphasis on
    10·1 answer
  • I WILL GIVE 30 POINTS TO THOSE WHO ANSWER THESE QUESTION RIGHT
    13·2 answers
  • Why are monopolies not allowed in a capitalist country
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!