The price revolution of the sixteenth century was due to all of the following except:

Question

Quizplus · Accepted Answer

The price revolution of the sixteenth century was not caused by a decline in the amount of land under cultivation; instead, it was primarily driven by the influx of precious metals from the Americas, a significant population increase, and the debasement of currencies by monarchs. These factors increased the money supply and demand for goods, leading to inflation. The amount of land under cultivation generally increased or remained stable, as efforts were made to feed the growing population.

The Price Revolution of the Sixteenth Century Was Due to All