In addition to population growth, what caused inflation in European economies during the fifteenth century
The influx of cochineal
The increasing price of spices
The influx of silver from America
The influx of gold from America
All of the options mentioned contributed to inflation in European economies during the fifteenth century.
Pick one
If only one option can be chosen, the influx of gold from America is likely the most significant cause of inflation in European economies during the fifteenth century. The discovery and colonization of the Americas led to a significant influx of gold and other precious metals into Europe, which increased the money supply and led to rising prices of goods and services.
The correct answer is the influx of silver from America. During the fifteenth century, when European explorers, such as Christopher Columbus and Hernán Cortés, discovered and conquered parts of the Americas, they encountered vast reserves of silver. This led to a significant influx of silver into Europe, especially during the period known as the "Silver Age" (1450-1650).
To find this answer, one can start by understanding the historical context of the fifteenth century and the economic changes occurring during that period. Researching the European exploration of the Americas, particularly the discovery and accumulation of silver, will provide further evidence towards the correct answer.
It's essential to gather information from credible historical sources, such as books or academic articles, to accurately understand and explain the causes of inflation in European economies during the fifteenth century.