[jackcosgrove]

There was a lot of inflation in Spain during the 16th century because of all of the gold and silver mined from the Americas. Some estimate prices rose by 300% in a century.

The rise in prices made Spanish exports uncompetitive, forcing Spain to spend its bullion to buy finished imports from other countries.

[doubleyou]

US inflation has been over 1000% in the last century. Lots of money being made in the last century, and lots more people. Sorry for the tangent, had to look it up.