ECONOMIC TRANSFORMATIONS AND SOCIAL CHANGERS (Economic growth (Agrarian…
AND SOCIAL CHANGERS
continued to account for most proffesional activity.
Avoided guild control by developing a system of homeworking.
Grew as a result of geographical discoveries. Trade routes were diversified and new products were incorporated.
Capitalist economic system
Mercantilism based on accumulation of capital acquired from trade.
The nobility and the clergy
Accepted the increase power of the monarch. Both maintained their economic power and privileges.
Grew wealthier and estabilished their social status
Made up the majority of the commoners.
In Western Europe their living conditions improved.
In Eastern Europe the peasantry were more closely tied to the land.
In 15 and 16 centuries population growth was favoured by improved harvests, the eradication of the plague and relative peace.
Population increase was slow due to
limited development in medical practice
lack of hygiene
Population increase gave rise to
stimulation of trade
higher demand for agricultural and handicraft products