IB History Exam Prep

Category - IB History

What was the main cause of the Price Revolution in the sixteenth century?
  1. Decreased population
  2. Increased population
  3. Decreased production
  4. Increased production
Explanation
Answer - B - An increased population was the main cause of the Price Revolution in the sixteenth century.

Key Takeaway: The Price Revolution refers to a series of economic hits that Europe took during the mid-15th century to the mid-17th century. During this time, Western Europe experienced a hugely-high rate of inflation, due to mass increases in population. On average, prices rose roughly sixfold over a period of 150 years.
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