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Economic transformation and social changers (Economic growth (early…
Economic transformation and social changers
Demographic growth
During 15th and 16th centuries, population growth was favoured by
improved harvest
the erradication of plagues
relative peace
population increase was slow as result of
high death rate due to infectious diseases
limited development in medical practice
lack of hygiene
population increase gave rise to
higher demand of
agricultural products
handicraft products
and
stimulated trade
Economic growth
agrarian activities
16th century
clearing of new land
agricultural sector was encouraged by good harvest
handiraft sector
avoided guild control by
a system of homeworking in wich buisnesspeopleprovided pesantry with raw materials and tools to make products at home
trade
grew thanks to
new trade rutes
discovery of america (bringed tobacco, wood, coffe)
atlantic and north sea impact in seville and lisbon ports
mediterranean trade focused in itlian ports
early development of capitalist system
outset of merchant capitalism
based on the accumulation of capital acquired from trade
first banks founded in
Taula de Canvi, Barcelona
Fugger, Medici
Social changes
nobility and clergy
accepted the increase power of the monarch
manteined of privileges
bourgeoisie
grew thanks to
transoceanic trade
buisness dealings
banking
established their social status over other commoners
peasentry
majority of commoners
living conditions improved in western europe