As history would prove the decline in Seville, Spain was due to another port of Cadiz in lower Spain to be granted the same rights of trade. The “monetary” view of the price revolution is questioned by historians who attribute the secular increase of commodity prices to population and income growth as well as urbanization and wars.9 The misrepresentation of that information is that it fails to explain the economic structure of value. If population increases in a city and the capital income of the city is stable more people will find value in money because there is a need for money to buy any commodity. If there is an increase in population and an increase in money (silver) being flooded into the market then items in essence lose value because of abundance. Price Revolution does not just affect cities, but whole countries all the way down to landowners. With a constant rising price and fixed rents many landowners found it difficult to make payments. The construction of the House of Trade and Consuldo did in fact bring wealth to Spain, yet the overproduction could be a hypothesis to say that the economic and accounting was under a higher rule that affected the whole well-being of the
As history would prove the decline in Seville, Spain was due to another port of Cadiz in lower Spain to be granted the same rights of trade. The “monetary” view of the price revolution is questioned by historians who attribute the secular increase of commodity prices to population and income growth as well as urbanization and wars.9 The misrepresentation of that information is that it fails to explain the economic structure of value. If population increases in a city and the capital income of the city is stable more people will find value in money because there is a need for money to buy any commodity. If there is an increase in population and an increase in money (silver) being flooded into the market then items in essence lose value because of abundance. Price Revolution does not just affect cities, but whole countries all the way down to landowners. With a constant rising price and fixed rents many landowners found it difficult to make payments. The construction of the House of Trade and Consuldo did in fact bring wealth to Spain, yet the overproduction could be a hypothesis to say that the economic and accounting was under a higher rule that affected the whole well-being of the