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There was a lot of inflation in Spain during the 16th century because of all of the gold and silver mined from the Americas. Some estimate prices rose by 300% i
by jackcosgrove 6y ago
There was a lot of inflation in Spain during the 16th century because of all of the gold and silver mined from the Americas. Some estimate prices rose by 300% in a century.
The rise in prices made Spanish exports uncompetitive, forcing Spain to spend its bullion to buy finished imports from other countries.
- doubleyou 6y agoUS inflation has been over 1000% in the last century. Lots of money being made in the last century, and lots more people. Sorry for the tangent, had to look it up.