ECONOMIC TRANSFORMATIONS AND SOCIAL CHANGERS (ECONOMIC GROWTH (TRADE (…
ECONOMIC TRANSFORMATIONS AND SOCIAL CHANGERS
Demographic growth(15th and 16th centuries)
Population growth was favoured by improved harvests.
The eredication of the plague and relative peace.
Population increase was slow,as a result of the high death rate.
In the 16th century, the agricultural sectorwas encouraged by good harvests and the clearing of new land.
Avoid guild control
developing a system of homeworking.
Businesspeople provides the peasantry with raw materials and tools to make products at home.
Grew as a result of geographical discoveries
Trade routes were diversified
New products from America were incorporated(tobacco,wood,cofee)
The Atlantic and North Sea trade was very important and have a positive impact on the ports of Lisbon and Seville
THE EMERGENCE AND EARLY DEVELOPMENT OF THE CAPITALIST ECONOMIC SYSTEM.
It was mercantilism based on the accumulation of capital acquired from trade
First banks were founded
Taula de Canvi in Barcelona
THE NOBILITY AND THE CLERGY
Accepted the increased power of the monarch.
They continued being the privileged estates and maintained both their economic power and privileges.
Grew wealthier with the transoceanic trade,business dealings and banking.
They established their social status over the other commoners and especially the urban groups consisting of minor artisans, merchants and waged workers.
Made up the majority of the commoners.
Their living conditions improved in Western Europe,as they were freed from servitute and worked their own land and were paid a wagw to work the and of the nobility.
In Eastern Europe, the peasantry were more closely tied to the land.