Please enable JavaScript.
Coggle requires JavaScript to display documents.
THE ECONOMY AND SOCIETY OF THE ANCIENT REGIME, image, image, image, image,…
THE ECONOMY AND SOCIETY OF THE ANCIENT REGIME
economy's characteristics
traditional agriculture with low productivity
domestic trade grew very little
foreign trade was expanding
dominance of the guilds
mercantilism
was based on a idea
a country's wealth depended on the gold and silver it possessed
protectionist policies
accumulate more of these precious metals
making foreign products very expensive
hoped to keep gold and silver in the country
17th century
serious economic crisis (Spain, Europe)
American markets become self-sufficient
monarch did not protect craftsmen
Prices in general increased
spending was higher than income
demographic problems
The estates of the realm continued
First and Second Estates (the clergy and nobility)
maintained their traditional privileges
not pay tax
received income from their lands
lesser nobility and the lower clergy
very poor
Third Estate (the ordinary people)
did not have any privileges
divided
The lower middle class or petite bourgeoisie
The peasantry and day labourers
The upper middle class or bourgeoisie
society in Spain
idea of work was dishonourable
nobles
didn't invest in productive
didn't profit-making activities
The commercial bourgeoisie
insignificant
small
crisis
petite bourgeoisie and the peasantry
became poorer
caused
thieves
bandits
beggars
