Chap 14 FocusQuestion 3 Social and Economic Crises
The years between 1560 and 1650 in Europe were accompanied with economic and social crises. One chief economic predicament that took place during the 16th and 17th centuries was price inflation. In the relatively stable economic world of Europe, the inflation rate had risen to 2 to 3 percent a year. ... Further economic problems that occurred during this time period were due to European commerce and expansion.