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THE ECONOMY IN THE 17th CENTURY, image, image, image, image, image, image,…
THE ECONOMY IN THE 17th CENTURY
European Economy
Agricultural crisis
Affected
Farmers migrated
Agricultural techinques
Plagues
Bad harvests
Wars
Subscistence crisis
17th century
Hunger spread, resulting in a decrease in the population or demographic decline throughout Europe.
Important Factors
growth in colonial trade
textile industry grew
fewer wars
monarchs intervened in the economy
The Economic Crisis in Spain
The agricultural crisis and the decline in the population
Many farmers left the countryside
Pícaros (rogues) became more predominant.
The expulsion of the Moriscos
in 1609
more than 300 000 people left the Peninsula (mayority farmers)
Others migrated to America in order to escape poverty.
The trade and craft industry crisis
Crisis in the craft industry
Trade with the Americas decreased (craft industries)
The mines were empty
The rest established trading posts
Spanish monarchy ran out of resources from the Americas
Spanish monarchy became involved in more wars than the other European powers
NAIA PEREZ ARETXABALA
