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Economic transformations and social changers (Economic growth (Agrarian…
Economic transformations and social changers
Demographic growth
During the 15th and 16th century
The population increase was slow
Gave rise to higher demand for agricultural and handicraft products and stimulated trade
Economic growth
Agrarian activities
Continued to account for most proffesional activity
In the 16th Century
Good harvest and the clearing of new land
Handcrafts
Raw materials and tools to make producta at home
Developing system of homeworking
Capitalist economic system
Mercantilism or merchant capitalism
The first banks were founded. Ex: Medici
Greater circulation of money
Trade
Grew as a result of geographic discoveries
The importance of the Atlantic and North sea trade routes
Mediterranean trade focused on Italian ports
Social changes
The nobility and the clergy
The privileged state
Mantained both economic and power privileges
The bourgeoise
Grew wealthier
Established their social status over the other commoners
They were merchans and waged workers
The peasantry
Made up of the majority of commoners
Western Europe they had more freedom
In Eastern Europe they were closely tied to the land