Columbian Exchange, Spanish Exploration, and Conquest

AP US History· difficulty 4/5

The flood of silver from Spanish American mines (especially Potosí)

A
$Was confined entirely within Spain due to strict Crown controls$
B
$Had no measurable economic effect on European markets or wages$
C
$Stabilized European prices and ended decades of currency shortages$
D
$Caused significant inflation across Europe (the 'price revolution')$
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Explanation

The dramatic increase in money supply contributed to a long-term inflationary trend in 16th-century Europe.

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