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ECONOMY IN THE 17th CENTURY, imagen, imagen - Coggle Diagram
ECONOMY IN THE 17th CENTURY
THE EUROPEAN ECONOMY
there was an agricultural crisis. Agriculture was the main economic activity and was seriously affected by some factors like
plagues
years of bad harvests.
wars
Farmers migrated to the cities to avoid paying taxes
Agricultural techniques were outdated, resulting in low productivity.
agricultural production decreased, prices rose and the majority of the population did not have enough food
subsistence crisis, and occurred frequently in the 17th century. Consequently, hunger spread, resulting in a decrease in the population or demographic decline throughout Europe
In the second half of the century, the situation improved slightly. This resulted in an increase in the population, compensating for the previous decline
textile industry grew in some countries
monarchs intervened in the economy, implementing the mercantile system
Protect national industries
Increase the amount of precious metals
growth in colonial trade
fewer wars
THE ECONOMIC CRISIS IN SPAIN
Spanish monarchy became involved in more wars than the other European powers. Other factors also contributed to the worsening of the agricultural crisis, resulting in a greater demographic decline in Spain than in the rest of Europe
The trade and craft industry crisis
other kingdoms were creating and expanding their colonial empires, 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
The agricultural crisis and the decline in the population
expulsion of the Moriscos in 1609 meant that more than 300 000 people left the Peninsula, the majority of whom were farmers
very negative effect on agriculture
Many farmers left the countryside due to the hard way of life
Pícaros became more predominan
