Which groups in European society benefited most from the Price Revolution?

Question

Quizplus · Accepted Answer

The Price Revolution brought about a significant increase in agricultural productivity, leading to the consolidation and expansion of large farming estates. This benefitted merchants and large farmers who were able to take advantage of the rising demand for agricultural products and increase their profits. The increased availability of money and credit also allowed them to invest in new industries and expand their businesses. The aristocracy also benefitted to some extent from the increase in income from their landholdings, but not as much as the merchants and large farmers. Wage laborers and peasants, on the other hand, saw their purchasing power decline as the price of goods increased faster than their wages. Manufacturers were also negatively impacted by the Price Revolution as the rising prices of raw materials and labor costs made it difficult for them to compete with foreign goods.

Which Groups in European Society Benefited Most from the Price