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ECONOMIC TRANSFORMATIONS AND SOCIAL CHARGERS (Demographic growth…
ECONOMIC TRANSFORMATIONS AND SOCIAL CHARGERS
Demographic growth
15th and 16th centuries
eradication of the plague and peace
population increase slow
high death rate
low medical practice
lack of hygiene
needed
agricultural and handicraft products
Economic growth
Agrarian activities
16th century had good harvest and cleared many land
handicrafts
avoided gild controls
made their products at home
Trade
Grew due to geographical discoveries
Products from America
Gave importance to ports in Madrid
Capitalist economic system
Merchantil Capitalism
capital acquired from trade
First banks
First trading companies
Social changes
Nobility and the clergy
accepted power of the king
mantained their economic priviledges
Bourgeoise
Became wealthy because of
dealings
banking
transoceanic trade
Peasantry
Became free and had their own land or paid for work for others