A significant effect of the flood of silver from the Americas into the European economy was:
A) a dramatic restructuring of the social hierarchy and new wealth bought titles of the nobility.
B) a distinct tension between Old World and New World aristocrats.
C) the promotion of commercial expansion and financing of industrialization.
D) investing in new university programs in the New World.
E) Reinvestment in local European farming techniques.
Correct Answer:
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