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THE EARLY MODERN AGE :warning: :explode: - Coggle Diagram
THE EARLY MODERN AGE
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Economic transformation
Intensified commercial activity
The increase in agricultural production
The surplus products were sold in the city markets
Merchants or traders travelled in search of new markets, establishing trade routes
The expansion of craftsmanship
Products were made in workshops
Guilds
New products
Were brought to Europe
These included precious metals, foods and spices
The development of mercantile capitalism
An economic system in which capital, belonged to private owners generally of the burgeoise.
created trading companies to generate profits.
Increased agricultural production
In this period there was an increase in the amount of land under cultivation
There were no technological advances at this time and the three-field system was maintained
Providing loans
Merchants needed money to begin new commercial activities so the bankers let money in exchange for returning the same amount + something more
Social change
Two groups
Peasents
Last social group
Burgeoise
City inhabitants and rich people
