Debasement

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Debasement. 1 connected concept: Price revolution (related to).

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Community · Price revolution

Summary

A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins, while continuing to circulate it at face value.

36 words

SourcesWikipedia

Connections1

contributing factor to monetary instability
European monarchs frequently reduced the precious metal content of their coinage to fund wars, which exacerbated the inflationary effects of the silver influx during the Price Revolution.
SourcesWikipedia Wikidata Wikipedia Wikidata

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