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ECONOMY AND SOCIETY OF THE ANCIEN REGIME, image, image, image, image,…
ECONOMY AND SOCIETY OF THE ANCIEN REGIME
ECONOMY
Characteristics
agriculture with low productivity
dominance of guilds
domestic trade grew little due to duties
Mercantilism
the more wealthy a country is based on their precious metals
new econmic system
Protectionist policies
17th century's crisis
American markets stopped buying in Spain
America was self-sufficient
Prices increased
SOCIETY
Estates of the realm
First and Second Estates
No taxes
Clergy and nobility
Did not invest
A lot of people joined clergy
It was a way of surviving
Third Estate
Taxes
Bourgeoisie
Business owners
Petite Bourgeoisie
Craftmen and merchants
Peasantry
Poorest
