The concept of inflation — rising prices over time — was identified as an economic phenomenon in 16th century Spain after silver flooded from the Americas.
Fact #6957
👍 0 · 👎 0
More History Facts
In 1859, the Carrington Event caused powerful solar storms that disrupted telegraph systems.
Fact #640 · History
The 2011 Tohoku earthquake triggered a major tsunami in Japan.
Fact #817 · History
In 1692, the Salem witch trials led to the execution of several individuals in Massachusetts.
Fact #778 · History
The 1986 eruption of Lake Nyos released a deadly cloud of carbon dioxide.
Fact #851 · History
The Permian extinction eliminated most marine species.
Fact #717 · History
Dinosaurs ruled the land for over 160 million years.
Fact #711 · History
The Triassic period marked the first appearance of dinosaurs.
Fact #664 · History
In 1920, a town in Minnesota briefly elected a bear as mayor in a publicity stunt.
Fact #773 · History
Want more facts?
We have over 11,491 facts across 15 categories.