How the Price Revolution Reshaped European States? | Causes, Monetary Collapse and State Fragility This lecture explains the Price Revolution of 16th century Europe, when centuries of monetary stability collapsed due to inflation, debasement of coinage, population growth, and massive inflow of silver from the Americas. For nearly 300 years (1200–1500), Western Europe enjoyed stable prices and predictable monetary systems. However, after 1500, prices doubled within decades, real incomes collapsed