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The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 16th century and the first half of the 17th century, and most specifically linked to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly ...
The commercial revolution continued, with Europeans developing mercantilism and European imports of luxury goods (notably spices and fine cloth [18]) from eastern and southern Asia switching from crossing Islamic territory in the present-day Middle East to passing the Cape of Good Hope.
The Great Wave: Price Revolutions and the Rhythm of History is a scholarly work by historian David Hackett Fischer, published in 1996 by Oxford University Press.. Hackett Fischer identified three complete monetary waves in European history, each consisting of a price revolution, featuring high inflation, followed by a war crisis, followed by a new equilibrium.
Galiani appears to have been well-versed in the complex debates about how and why money had such an impact on Europe in the previous two centuries, brought on by incidents like the price revolution in Spain in the 16th century, where an influx of gold plundered from the New World caused dramatic inflation in first Spain, then all of Europe, a ...
Journal of European Economic History (2002): 9+ online. Gordon, Peter. The Silver Way: China, Spanish America and the Birth of Globalisation, 1565-1815 (Penguin 2017), 100pp excerpt; Hung, Ho-fung. "Imperial China and capitalist Europe in the eighteenth-century global economy." Review (Fernand Braudel Center) 24#4 (2001): 473–513. online
Historical real GDP per capita development of Italy from 1 AD to 2018. This is a history of the economy of Italy.For more information on historical, cultural, demographic and sociological developments in Italy, see the chronological era articles in the template to the right.
There is disagreement over the nomenclature of the "great" divergence, as a clear point of beginning of a divergence is traditionally held to be the 16th or even the 15th century, with the Commercial Revolution and the origins of mercantilism and capitalism during the Renaissance and the Age of Discovery, the rise of the European colonial ...
As the economy grew through the commercial revolution, so did attempts to understand and influence it. Economic theory as a separate subject of its own came into being as the stresses of the new global order brought about two opposing theories of how a nation accumulates wealth: mercantilistic and free-trade policies. Mercantilism inflamed the ...