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Economic changes in the 18th century - Coggle Diagram
Economic changes in the 18th century
European economies had the same characteristics as in the earlier phases of the Ancien Régime
Craft production increased
new systems of production
In rural areas, the domestic system of production became more important
Peasants made products in their own homes and sold them to merchant
allowed them to earn extra income during times of reduced agricultural activity
Royal manufacturers
were based in large workshops and their workers used simple tools
produced various luxury goods
increased because population growth caused an increase in demand for many consumer goods
harvests improved for a number of reasons
new agricultural techniques
improved agricultural machinery increased farmers' productivity
crop rotation
more widely used
new crops
potatoes and corn
improved human and animal nutrition
the reforms introduced by enlightened monarchs led to important changes in all sectors of the economy
Economic reforms in Spain
the sociedades económicas de amigos del país also played an important role
The Spanish economy experienced growth result of reforms of
Fernando VI
Carlos III
Felipe V
the most important reforms were
craft production
textile production in Cataluña was also protected from foreign competition
royal manufacturers were established for
porcelain
other luxury goods
silk
trade
Cádiz lost its monopoly on transatlantic trade
allowing free trade with America
internal customs duties were abolished
agriculture
uninhabited areas were colonised
canals were built to facilitate irrigation