Which group of Europeans reaped the greatest benefit from the bullion-induced inflation?

Question

Quizplus · Accepted Answer

The merchants benefited the most from the bullion-induced inflation because they could adjust the prices of the goods they sold more quickly than the costs of the goods they bought increased, thus expanding their profit margins. This period saw a significant increase in the volume of gold and silver flowing into Europe from the Americas, leading to widespread inflation. Nobles, peasants, artisans, and the clergy often found their incomes fixed or increasing more slowly than inflation, which eroded their purchasing power. In contrast, merchants engaged in trade could capitalize on the changing economic conditions.

Which Group of Europeans Reaped the Greatest Benefit from the Bullion-Induced