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ECONOMY IN THE 17th CENTURY, image, image, image, image, image, image,…
ECONOMY IN THE 17th CENTURY
EUROPEAN ECONOMY
Agricultural/Subsistence crisis
1st half of century
due to
Wars
Plagues
Agricultural techniques old
Bad harvests
Farmers migrated
Production decreased, prices rose
No food
Improvement
2nd half of century
Increase of population
due to
Fewer wars
colonial trade
Textile industry grew
Monarchs intervention
Imported products had more taxes
More precious metals
ECONOMIC CRISIS IN SPAIN
Agricultural crisis and demographic decline
Moriscos were expelled
Most of them farmers
This meant, agricuture crisis
Farmers left the countryside
Picaros increased
Migration to America
Trade and craft inudtry crisis
Ran out of resources from America
Mines were empty
Pirates and smugglers
Trade resources
