According to Scholars, the Flood of Precious New World Metals

question 75

Multiple Choice

According to scholars, the flood of precious New World metals into Spain is responsible for all of the following EXCEPT

• A) the ballooning of the European money supply.
• B) the foundations of the modern commercial banking system.
• C) the growth of capitalism as an economic system.
• D) a price revolution that dramatically decreased consumer costs.
• E) the spread of commerce and manufacturing.

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