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Economic transformations and social changers (Social Changes (Agrarian…
Economic transformations and social changers
Economic Growth
Nobility and Clergy
Accepted the increase power of the monarch
The Bourgeoisie
Grew wealthier with the transoceanic trade
Established their social status over the other commoners
Especially the urban groups conisting of minor artisans, merchants and waged workers
The peasantry
Their living condition improved in
Western Europe
More closely tied to the land
Eastern Europe
Social Changes
Agrarian Activities
16th century
Agricultural sector was encouraged by good harvests and clearing of new land
Handicraft Sector
Avoided guild control by developing a system of homeworking
Businesspeople provided the peasantry
Raw material and tools to make products at home
Trade
Geographical discoveries
Trade routes were densified
New products from America incorpored
Importance of Sea trade
Capitalist Economic System
Mercantilism
Frist banks founded
Medici
Barcelona
Greater circulation of money
First traiding companies
Demographic Growth
15th and 16th centuries
Population growth increase
Slow because high death rate
Higher demand for agricultul and handicraft products