In Detail, Describe the Impact of the Printing Press

question 58

Essay

In detail, describe the impact of the printing press.What economic, social, religious, and political movements did this invention stir? Some would argue that the invention of the printing press had as intense an impact in the fourteenth and fifteenth centuries as the invention of the Internet in late twentieth century.In your opinion, which had a more sweeping effect on all aspects of society? Explain.

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Definitions:

Create Money

The process by which the central bank or financial institutions increase the money supply in the economy, typically through activities such as lending or purchasing government securities.

Demand Deposits

Bank account balances that can be withdrawn on demand with no prior notice, such as checking accounts, providing liquidity and flexibility for accountholders.

Inflation

The rate of growth in the average cost of goods and services, which lowers the purchasing capacity.

Loses Value

A term referring to the decrease in worth of an asset or currency over time.