The shortage of silver in late medieval Europe led to
A)coin debasement.
B)inflation.
C)declining income from peasant dues.
D)increased war and plunder.
E)All of these

Question

Quizplus · Accepted Answer

The shortage of silver in late medieval Europe led to all of these consequences. Coin debasement occurred because rulers and mints mixed more base metals into their coins to stretch the limited supply of silver. Inflation occurred because the excess coinage reduced the value of money and drove up prices. Declining income from peasant dues occurred because lords and governments demanded more payments in money rather than in kind, which became increasingly difficult for peasants to produce. Increased war and plunder occurred as rulers and nobles sought to acquire more silver-rich territories, mines, and treasures through conquest or raiding.

The Shortage of Silver in Late Medieval Europe Led to