One of the major economic problems of the sixteenth century in Europe was

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The major economic problem of the sixteenth century in Europe was a dramatic rise in prices. This was due to the influx of gold and silver from the New World, which increased the money supply and led to inflation. The rise in prices was particularly harmful to the poor, who saw their wages stagnate while goods became increasingly expensive. This inflationary period is often referred to as the "Price Revolution."

One of the Major Economic Problems of the Sixteenth Century