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THE ECONOMY IN THE 17TH CENTURY, image, image, image, image - Coggle…
THE ECONOMY IN THE 17TH CENTURY
THE EUROPEAN ECONOMY
agricultural crisis
wars
areas being plundered
plagues
increase in mortality
reduction on workforce
farmers migrated to cities
agricultural techniques were outdated
bad harvest
prices rose
population did not have enough food
subsistence crisis
hunger spread
demographic decline
In the second half of the century
the situation improved slightly
population had increased to the same level that it was at the beginning
factors
growth in colonial trade
textile industry grew
fewer wars
monarchs inverted in the economy
Protect national industries
Increase the amount of precious metals
THE ECONOMIC CRISIS IN SPAIN
The Spanish monarchy became involved in more wars than the other European powers
demographic decline
agricultural crisis
explusion of de Moriscos (1609)
majority farmers
negative effect on agriculture
hard way of life
farmers left the countryside
migrated to the cities
migrated to America
Pícaros became more predominant
ran out of resources from the Americas
their sea route to the Americas was under threat from pirates and smugglers
crisis in the craft industry
