Please enable JavaScript.
Coggle requires JavaScript to display documents.
THE ECONOMY IN THE 17TH CENTURY, image, image, image, image, image, image,…
THE ECONOMY IN THE 17TH CENTURY
THE EUROPEAN ECONOMY
Agricultural crisis
Agriculture was the main economic activity
Because of this factors
Plagues
an increase in mortality
a reduction in the agricultural workforce
Migration of the farmers
Farmers migrated to the cities to avoid paying taxes
many of them fled because they were unable to pay them
Wars
which resulted in areas being plundered
a reduction in the workforce in the countryside
agricultural production decreased
Agricultural techniques
They were outdated
low productivity
Years of bad harvests
Subsistence crisis
It occurred frequently in the 17th century
as agricultural production decreased, prices rose and the majority of the population didn't have enough food
hunger spread
demographic decline throughout Europe
The situation improved slightly
In the second half of the century
an increase in the population
compensating for the previous decline
At the end of this century, the population had increased to the same level that it was at the beginning
Because of the following factors
There were fewer wars
There was a growth in colonial trade
The textile industry grew in some countries
The monarchs intervened in the economy
THE ECONOMIC CRISIS IN SPAIN
The agricultural crisis and the decline in the population
The expulsion of the Moriscos in 1609
more than 300 000 people left the Peninsula
The mayority were farmers
a very negative effect on agriculture (Valencia and Aragon)
Many farmers left the countryside
due to the hard way of life
They migrated to the cities where they survived by begging
Pícaros (rogues)
They became more predominant
are people from a low social class who manage to survive by deceiving and cheating others
Others migrated to America in order to escape poverty
The trade and craft industry crisis
the Spanish monarchy ran out of resources from the Americas
The mines were almost empty
the Spanish monarchs' main source of income decreased
heir sea route to the Americas was constantly under threat from pirates and smugglers
crisis in the craft industry
Spanish manufactured products were not competitively priced in comparison to other countries
Trade with the Americas
craft industries were established locally to meet the demand
Demographic decline
The Spanish monarchy became involved in more wars than the other European powers
