The genesis of the Price Revolution in Europe (15th–17th centuries)

The Price Revolution in Europe, spanning the 15th to 17th centuries, was not solely driven by the influx of American gold and silver but was primarily shaped by internal factors. These included demographic growth, social transformations, reorientation of trade routes, and expansion of European silver and copper mining. While precious metals from the Americas had a catalytic effect, prolonging inflationary processes, the phenomenon originated from broader structural changes in market relations. The study reveals that Spain experienced slower inflation compared to other European countries, challenging traditional interpretations. The research analyzes the chronological framework and geographical scope of the Price Revolution within the emerging capitalist world-system, highlighting its global impact on both monetary and real economic factors.

Honcharenko, A. V. (2026). The genesis of the Price Revolution in Europe (15th–17th centuries). Sumy Historical and Archival Journal, (46), 83. https://doi.org/10.21272/shaj.2026.i46.p.83