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THE ECONOMY IN THE 17th CENTURY, image, image, image, image, image, image …
THE ECONOMY IN THE 17th CENTURY
The european economy
Afected by:
Plagues
Agricultural techniques
Wars
Farmers migrated to cities
Bad harversts
Subsistance crisis
Consequently, hunger spread, resulting in a decrease in the population or demographic decline throughout Europe.
Second half of the century
Colonial trade
Some kings encouraged the founding of private conpanies
Textille industry
Fewer wars
Intervened mercantile
Increase the amount of precious metals entering their kingdoms and prevent them from entering other countries.
Protect national industries by taxing imported products.
Economic crisis in Spain
Agricultural crisis
Farmers migrated to the city
Picaros became more predominant
Expulsion of Moriscos
In 1609 more than 300 000 people left the Peninsula, the majority of whom were farmers
The agriculture in Spain downgrade because of that
Trade and craft industries crisis
