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:moneybag: The economy in the 17th century :moneybag: - Coggle Diagram
:moneybag: The economy in the 17th century :moneybag:
The European economy
In the
17th century
, there was an
agricultural crisis
, and it was seriously affected by the following factors:
Famers who migrated to cities
to avoid paying taxes
This situation is called a
subsistence crisis
, and occurred frequently in the 17th century. Consequently,
hunger spread
, resulting in a
decrease in the population
Outdated agricultural techniques
Plagues
and other epidemics that caused an
increase in mortality
Years of
bad harvests
Wars
, which resulted in areas being plundered
In the second half of the century,
the situation improved slightly
. By the end of this century, the population had
increased to the same level that it was at the beginning
. These are the factors which enabled that to occur:
The growth in colonial trade
The growth of the textile industry
Fewer
wars
The implementation of the mercantile system
The economic crisis in Spain
The agricultural crisis and the decline in the population
The
expulsion of the Moriscos in 1609
meant that
more than 300 000 people left the Peninsula
Many
farmers left the countryside
Pícaros
(people from a low social class who manage to survive by deceiving and cheating others) became more
predominant
Others migrated to
America
The trade and craft industry crisis
The Spanish monarchy
ran out of resources from the Americas
Their sea route to the Americas was constantly under threat from
pirates and smugglers
There was a crisis in the
craft industry
Trade with the Americas
decreased