Spanish Silver and Europe's Price Revolution
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Spanish Silver and Europe's Price Revolution
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In this episode, we explore how overwhelming quantities of silver from the Americas reshaped 16th-century European economies and triggered the 'Price Revolution.' We also discuss how this surge in global money resulted in widespread inflation, economic paradoxes for Spain, and a silent redistribution of wealth across society.
Chapters
00:00 Introduction to New World Silver
01:55 The Price Revolution Begins
04:46 Silver's Journey and Spain's Paradox
08:46 Impact on Contracts & Society
11:52 Spain's Struggles and Global Reach
15:23 Lessons from Abundant Money
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