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THE ECONOMY IN THE 17th CENTURY - Coggle Diagram
THE ECONOMY IN THE 17th CENTURY
THE ECONOMIC CRISIS IN SPAIN
THE AGRICULTURAL CRISIS AND THE DECLINE IN THE POPULATION
Manyt farmers migrated to the cities
Due to the hard work
In the cities they begged
Picaros become more predominant
These are people from low social class
who manage to survive by deceiving and cheating others.
The expusion of the Moriscos in 1609
More than 300.000 poeple left
Most of the Moriscos were farmers
The half of the population in Valencia and Aragon were Moriscos
This have a negative effect in agriculture
Others migrated to America
To escape from poverty
THE TRADE AND CRAFT INDUSTRY CRISIS
There was a crisis in the craft industry
Trade with America also drecreased
The Spanish monarchy ran out of resources from the Americas
Their maines were empty
The sea route was constantly under threat from pirates and smuggles.
THE EUROPEAN ECONOMY
The agricultural crisis (subsistence crisis)
Plagues and other epidemics
caused an increase in mortality
a reduction in the agricultural workforce
Farmers
migrated to the cities to avoid paying taxes
In periods of crisis, many of them fled because they were unable to pay them
Was the main economic activity and it was seriously afected
Agricultural techniques
were outdated
resulting in low productivity
There were years of bad harvests
Wars
resulted in areas being plundered and a reduction in the workforce in the countryside
agricultural production decreased
When agricultural production decreased
prices rose
the majority of the population did not have enough food
hunger spread
decrease in the population or demographic decline throughout Europe
Occurred in the 17th century
The second half of the century
The situation improved slightly
Increase in the population
By the end of this century
the population had increased to the same level that it was at the beginning
compensating for the previous decline
There were fewer wars
There was a growth in colonial trade
with the incorporation of
French traders
Dutch traders
English traders
In order to organise a trading system
some kings encouraged the founding of private trading companies
The textile industry
grew in some countries
England
Holland
The monarchs intervened in the economy
implementing the mercantile system
the governors had to do the following to help the economy prosper:
Increase the amount of precious metals entering their kingdoms and prevent them from entering other countries
Protect national industries by taxing imported products.