Encyclopedia of Early Modern History Online

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Price revolution
(797 words)

The term price revolution was coined in 1895 by the historian Georg Wiebe for the price increases seen throughout Europe during the 16th century. Relative to the end of the 15th century, the general level of prices increased between six- and ten-fold in terms of contemporary money, albeit with regional differences. If we allow for debasement, the loss of precious metal in circulating coins, which affected token coinage much more than the face-value coins, we can still observe a three- to four-fold increase. On average, the annual rate of inflation was aro…

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Metz, Rainer, “Price revolution”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 30 May 2023 <http://dx.doi.org/10.1163/2352-0272_emho_SIM_025831>
First published online: 2015
First print edition: 20210107



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