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economic transformations and social changers (economic growth…
economic transformations
and social changers
demographic growth
15 and 16 centuries
population growth was favoured
improved harvest
eradication of the plague
relative peace
population increased due to
higher demand for agricultural and higher demand
stimulated trade
economic growth
agrarian activities
most professional activity
handicrafts
avoided guild control
homeworking
trade
grew as a result of geographical activities
american products incorporated
trade routes were diversified
mediterranean trade
capitalist economic system
mercantilism/merchant capitalism
based on the capital aquired on trade
social changes
bourgeoisie
nobles and clergy
increased power of the monarch
privileged states
maintain economic power and privileges
peasants
majority of commoners
improved conditions in western europe
closely tied to land in eastern europe
transoceanic trade
buisness dealing
banking