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ECONOMIC TRANSFORMATIONS AND SOCIAL CHANGERS (Economic growth (Capitalist…
ECONOMIC TRANSFORMATIONS AND SOCIAL CHANGERS
Demographic growth
15th and 16th centuries
Population growth was favored
Improved harvest
Eradication of the plague
Relative peace
Population increase
Was slow
As a result of the high death rate
Gave rise to higher demand for agricultural
Social changes
Nobility and clergy
Priviliged states
Economic power
Priviliges
Bourgenoisie
Grew with the transoceanic trade
Business dealings
Banking
Peasantry
Freed from servitude
Worked in their own land
Paid a wage to work the land
Economic growth
Agrarian activities
Were encourage by good harvests and the clearing of new land
Handicrafts
Business people provide the peasantry with
Raw materials
Tools
Trade
Trade routes were difersified
New products from America
Tobacco
Wood
Coffee
Capitalist economic system
Accumulation of capital acquired from trade
2 first banks
Fugger, Medici
Taula de Canvi in Barcelona
Great circulation of money
Banking operations were simplified