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Economic transformations and social changers (Economic groth (Agrarian…
Economic transformations and social changers
Demographic growth
15th-16th centuries
+++population
improvement of harvests
eradication of plagues
relative peace
Higher material demand
Economic groth
Agrarian activities
still being the most profesional activity
16th century
good harvests
clearing of new land
Handicrafts
provided the raw materials to the peasants
avoided guild´s control
Trade
new trade routes
new products from America
tobacco
coffe
potatoes...
increase of wealth in cities like Seville or Lisbon
thanks to the Mediterranean sea routes
into Italian ports
Capitalism
mercantilism
accumulation of capital
first banks
Taula de Canvi (Barcelona)
Fugger (Medici)
cheques, promissory notes
first trading companies
Social changes
Nobility and Clergy
less power
but still having their wealth
economic power
privileges
Bourgeoisie
grew wealthier with bussines
establisehed their own social status
Peasantry
were the majority
+++conditions (Western Europe)
In Eastern Europe they still being slaves (Russia)