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The Discovery Of The New World Changed European Conceptions, Views, And Material Conditions
Part I of Essay
In 1492, Christopher Columbus discovered America. The discovery of the “New World” had many material, social, and cultural consequences upon Europeans and their civilization. The discovery also challenged traditional European conceptions, views, and material conditions.
Ma .... Part II of Essay
.... higher wages. Sixteenth century intellectuals blamed this inflation on the import of American treasure in Europe.
Modern historians have a different opinion on the causes of inflation. The price of wheat and other basic foods increased before the arrival of American gold and silver. Evidence shows there was a population increase. Therefore, the demand for food rose faster than the production did.
The inflation had a negative effect on all of society. Much tension existed in all levels of society. “Without doubt, the Price Revolution and the d ....
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Words: 1421 - Pages: 6
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