The importation of silver from the New World to Spain resulted in

Question

Quizplus · Accepted Answer

The importation of vast amounts of silver from the New World led to an increase in the money supply in Europe, which caused inflation. As the supply of money increased, the value of each individual unit decreased, leading to higher prices for goods and services. This inflation had far-reaching economic and social effects, including changes in trade patterns, the rise of capitalism, and the expansion of European empires.

The Importation of Silver from the New World to Spain