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ECONOMIC TRANSFORMATIONS AND SOCIAL CHANGERS 15TH AND 16TH CENTURIES…
ECONOMIC TRANSFORMATIONS AND SOCIAL CHANGERS 15TH AND 16TH CENTURIES
Demographic growth
slow
higher demand for agricultural products and handicraft products and stimulated trade
due to: improved harvests, eradication of plague and relative peace
economic growth
trade
grew as a result of geographical discoveries
ports: Lisbon, Seville, italian
trade routes and new products from America
handicrafts
avoided guild control with homeworking
capitalist economic system
merchantilism capitalism
banks(official, private), greater circutation of money, merchantile, simpler banking operations(cheques, promissory notes), first trading companies
agrarian activities: most professional
social changes
bourgeoisie: wealthier with the transoceanic trade and established their social status above the other commoners
peasantry:majority of commoners. their living conditions improved
nobility and clergy: privileged states
