Question

The driving cause of the inflation experienced in Europe during the last half of the sixteenth century was:

Answer 1

Answer:

an influx of silver on the Spanish market

Explanation:

The driving cause of the inflation experienced in Europe during the last half of the sixteenth century was: "an influx of silver on the Spanish market."

This is evident during the last half of the sixteenth century, a period which was termed the price revolution, and lasted for more than a century.

During this period, the prices of commodities increase about six times throughout.

The inflation rates recorded was about 1.5% each year thereby causing a high level of inflation that was experienced during this period across Western Europe.

The cause of inflation was attributed to the vast inflow of silver from the Spanish treasure abode which was derived from the Spanish Empire.