It led to inflation
Since the value of money was based on gold and silver and since Spain got a lot of gold and silver, the money started losing value rapidly and it led to an inflation. Inflation is when money loses value so you need more money to pay for things that were cheaper before when money held higher value. They basically over-saturated the economy with gold and silver.
Answer:The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25% and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.
Explanation:Hope this was helpful
A shogun is a Japanese Emporer.A shogun was a hereditary military dictator in Japan during the period from 1185 to 1868. They were the de facto rulers of the country; although nominally they were appointed by the Emperor as a ceremonial formality. Hope this helps.
Ans: The ruins of two ancient cities, Harappa and Mohenjo-Daro (both in modern-day Pakistan), and the remnants of many other settlements, have revealed great clues to this mystery. Harappa was, in fact, such a rich discovery that the Indus Valley Civilization is also called the Harappan civilization.
Answer:
The correct answer is the Federalist Papers.
Explanation:
The most influential document in ratifying the Constitution was the Federalist Papers. The Federalist Papers were written to encourage the ratification of the constitution.
