Part one of term paper
In 1492, Christopher Columbus discovered America. The discovery of the “New World” had many material, social, and cultural consequences upon Europeans and their civilization. The discovery also challenged traditional European conceptions, views, and material conditions. Many changes had taken place in Europe’s economy after the discove ...

Part two of term paper
... period of high inflation, known as the “Price Revolution”. Prices on all goods increased dramatically. Workers’ wages failed to keep pace with the rising prices. Expensive produce combined with low wages severely affected all Europeans. Merchants, bankers and lawyers with rising cash incomes adjusted to the economic conditions and they prospered. Workers rioted and had strikes, in attempt to obtain higher wages. Sixteenth century intellectuals blamed this inflation on the import of American t ...