Economic transformations and social changers (Economic growth (Trade (It…
Economic transformations and social changers
During the 15 and 16 century, population growth was favoured by improved harvests, population increase was slow.
The handicrafts sector
It avoided guild control because buisness people provided the peasantry with raw materials and tools to make products at home.
It grew as a result of geographical discoveries.
Trade routes were diversifled
Most profesional activity.
Good harvest and clearing of new lands.
Capitalist economic system
It was mercantilism or merchant capitalis, based on the accumulation of capital acquired from trade.
They grew wealthy with the transoceanic trade, busisness dealings and banking.
They made up the majority of the commoners.
They were freed from servitude and worked their own land, or else were paid a wage to work the land of the nobility.
The nobility and the clergy
They continued to be the privileged estates and mantained both their economic power and privileges.