R10-17

 The Price Revolution was a recurring issue faced by Europeans in the 17th century. Two factors were responsible for the economy’s decline. The first being inflation. This inflation was caused by new gold and silver being imported from the New World into Spain. When the rest of Europe began to trade with Spain, the gold and silver from the mines of the Spanish owned lands of conquered Peru was infiltrated throughout Europe. The second factor attributed to the price revolution was the decrease in population. Emigration and the Black Death were responsible for the decline in population. Many Europeans struggled through the price revolution and it would continue to be an issue in the following years.  "Price Revolution." //Kids.net.AU //. 23 Apr 2009 .