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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 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.
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.
According to Pomeranz, the most important advantage for Europe was the vast amount of fertile, uncultivated land in the Americas which could be used to grow large quantities of farm products required to sustain European economic growth and allowed labor and land to be freed up in Europe for industrialization. [81]
The author, only 23 years old at the time, started with the history of Italian coinage, going back to the Greeks and Romans. Discarding the contemporary view of the origin of money through centrally planned contracts, Galiani proposes that money tends to arise spontaneously, through the need for trade, anticipating the Austrian school of economics by well over a century.
The "February Revolution" in France was sparked by the suppression of the campagne des banquets. This revolution was driven by nationalist and republican ideals among the French general public, who believed the people should rule themselves. It ended the constitutional monarchy of Louis-Philippe, and led to the creation of the French Second ...
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
The Price Revolution: a series of economic events from the second half of the 15th century to the first half of the 17th, the price revolution refers most specifically to the high rate of inflation that characterized the period across Western Europe. The Scientific Revolution: a fundamental transformation in scientific ideas around the 16th ...