The Price Revolution
Unprecedented inflation, or the price revolution, swept through Europe in the sixteenth century. The main cause of the price revolution was the population growth during the late fifteenth and sixteenth centuries. The population of Europe almost doubled between 1460 and 1620. Until the middle of the seventeenth century, the number of mouths to feed outran the capacity of agriculture to supply basic foodstuffs, causing the vast majority of people to live close to subsistence (the minimum food necessary to live). Until food production could catch up with the increasing population, prices, especially those of the staple food bread, continued to rise
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