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Economic transformations and social changers (demographic growth…
Economic transformations and social changers
demographic growth
15th and 16th centuries
improved harvests
eradication of the plague
relative peace
population increase
higher demand for agricultural and handicraft products
stimulated trade
economic growth
handicrafts
avoided guild control by homeworking
provide peasants with raw materials and tools
trade
products from america were incorporated
athlantic and north seas were very important
agrarian activities
most professional activity
encouraged by good harvests and the clearing of new land
capitalist economic system
mercantillism or mechant capitalism, based on the accumulation of capital acquired from trade
firsts banks
greater circulation of money
banking operations were simplified
first trading companies
social changes
bourgeoise
trade, business dealings and banking
established their social status
peasantry
made up majority of commoners
living conditions improved in western europe
in eastern europe, the peasantry were more closely tied to the land
nobility and clergy
privileged states
economic power