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ECONOMY/ SOCIETY OF THE ANCIEN RÉGIME 1.2 …
ECONOMY/ SOCIETY OF THE ANCIEN RÉGIME 1.2
ECOMOMY
Merchantalism
17th century
country wealth depended on
silver
gold
to keep it
foreign products expensive
protectionist policies
by absolute monarch
17th century
crisis
American's didn't buy products
prizes increased
in most places of Europe
gold/ silver brought form America
royal finances
more outcome than income
farmland abandoned
characteristics
traditional agriculture
for one's own need
not commercial
low producity
trade
domestic
grew little
poor quality roads
foreign
grew
Discovery of America
established large empires
Portugal
Spain
new sea trade routes
SOCIETY
The estates of realm
First/ Second state
economic power
lesser clergy/ nobility
very poor
not pay taxes
The Third State
no privileges
groups
peasantry
suffered
higher taxes
poor harvest
upper middle class (bourgeoisie)
became more powerful/ richer
prominent merchants/ business owners
lower middle class (petite bourgeoisie)
small merchants/ craftsmen
declined because they could not compete
dominant
in Spain
its own characteristics
work was dishonourable
sense of honour
privileged groups
nobilty
did not invest in productive activities
clergy
increased because it was a way of surviving the crisis
bourgeoisie
commercial
was insignificant
petite
became poorer
became beggars and thieves
demographic problems
periodic plague epidemics
expulsion of the Moriscos
poor harvest
