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THE ECONOMY AND SOCIETY OF THE ANCIEN RÉGIME - Coggle Diagram
THE ECONOMY AND SOCIETY OF THE ANCIEN RÉGIME
Mercantilism
It was the idea that a country's wealth depended on how much gold and silver it possessed
To accumulate more of these precious metals, monarchs implemented protectionist policies
Characteristics of the economy
The dominance of the guilds
Domestic trade grew very little while foreign trade was expanding
Traditional agriculture with very low productivity
The estates of the realm
It was the way in which society was organised
First and Second Estates
The nobility and the clergy did not pay tax
The Third Estate had to pay tax
Petite bourgeoisie
Small merchants and craftsmen
Peasantry and day labourers
Suffered because of poor harvests, rising prices and the higher taxes
Bourgeoisie
Prominent merchants and business owners
Society in Spain
Work was dishonourable
Nobles didn't invest in productive or profit-making activities
Because of the economic crisis, the petite bourgeoisie and the peasants became poorer
Spain experience severe demographic problems because of
Poor harvest
Frequent wars
The expulsion of the Moriscos
plague epidemics
