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THE ECONOMY AND SOCIETY, image, image, image, image, image, image - Coggle…
THE ECONOMY AND SOCIETY
Economy characteristics
guilds
associations of craftsmen
traditional agriculture
very low productivity
not commercial
domestic trade
grew very little
foreign trade
expanded
new sea routes to Asian markets
the Spanish and Portuguese Empires
the Atlantic and Indian Oceans trade routes
Economic crisis in Spain
colonies became self-sufficient
American markets stopped buying Spanish products
prices increased
farmlands were abandoned
craft production fell
Royal finances in crisis
Mercantilism
new economic system
imposed by Europe's absolute monarchs
country's wealth depended on gold and silver
protectionist policies
implemented by monarchs
limited imports and encouraged exports
making foreign products very expensive
States
First and Second Estates
did not pay taxes
formed by the clergy and nobility
collected tithes from the peasants
they received incomes from their lands
The Third Estate
had to pay taxes
various groups increased
petite bourgeoisie
small merchants and craftsmen
declined because of new forms of production.
the peasantry and day labourers
rising prices
poor harvests
higher taxes to pay
bourgeoisie
prominent merchants and business owners
became richer and more powerful
The estates of the realm the dominants
Society in Spain
nobles didn't invest in productive or profit-making activities
the clergy increased
commercial bourgeoisie was small
petite bourgeoisie and the peasantry became poorer
many people become beggars, thieves or bandits
Spain's population decreased due to demographic problems
the expulsion of the Moriscos
periodic plague epidemics
poor harvests
frequent wars
