Great Bullion Famine
The Great Bullion Famine was a shortage of precious metals that struck Europe in the 15th century, with the worst years of the Famine lasting from 1457 to 1464. During the Middle Ages, gold and silver coins saw widespread use as currency in Europe, and facilitated trade with the Middle East and Asia; the shortage of these metals therefore became a problem for European economies. Many causes for the famine have been proposed, such as the Hundred Years' War (1337–1453), depopulation and poor agricultural output due to the aftermath of the Black Death (1346–1353), and an outflow of silver to the east unmatched by mining output. The Late Middle Ages particularly saw a deficit in silver rather than gold.
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Economic history of GermanyFrench_francGreat Slump (15th century)Hanseatic LeagueHenry Bourchier, 1st Earl of EssexHenry SomerHenry_VI_of_EnglandHistory of GermanyJames Butler, 5th Earl of OrmondJames Fiennes, 1st Baron Saye and SeleJohn Beauchamp, 1st Baron Beauchamp (fifth creation)John LangstrotherJohn Scrope, 4th Baron Scrope of MashamJohn SomersetJohn Talbot, 2nd Earl of ShrewsburyJohn Tiptoft, 1st Earl of WorcesterMarmaduke LumleyPound sterlingPrice revolutionRalph Boteler, 1st Baron SudeleyRalph Cromwell, 3rd Baron CromwellRichard Fowler (chancellor)The Great Bullion FamineThomas Browne (died 1460)Thomas Thwaites (civil servant)Thomas WithamWalter Hungerford, 1st Baron HungerfordWilliam Grey (bishop of Ely)William Hastings, 1st Baron Hastings
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Great Bullion Famine
The Great Bullion Famine was a shortage of precious metals that struck Europe in the 15th century, with the worst years of the Famine lasting from 1457 to 1464. During the Middle Ages, gold and silver coins saw widespread use as currency in Europe, and facilitated trade with the Middle East and Asia; the shortage of these metals therefore became a problem for European economies. Many causes for the famine have been proposed, such as the Hundred Years' War (1337–1453), depopulation and poor agricultural output due to the aftermath of the Black Death (1346–1353), and an outflow of silver to the east unmatched by mining output. The Late Middle Ages particularly saw a deficit in silver rather than gold.
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The Great Bullion Famine was a ...... it in silver rather than gold.
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The Great Bullion Famine was a ...... it in silver rather than gold.
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Great Bullion Famine
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