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Economy and Society of Ancient Régime - Coggle Diagram
Economy and Society of Ancient Régime
Economy
Characteristics
Dominance of guilds
Associations of craftsmen in same trade
Trade
Domestic trade
Grew very little because
International custom duties
Poor quality of roads
Foreign trade
Expand because
Discovery of America
New routes to Asia
Estabilish large empires
Traditional agriculture
Low productivity
Not commercial
People farm to eat
Mercantilism
Country's weatlh depend on his gold and sliver
Protectionist policies
Make foreign products more expensive
Spain economic crisis
This happend because
Spain craftsmen couldn't compete with foreign products
Becuase monarch don't protect them
Prices in general increased
Becuase gold and silver was brought from America
American markets stop buying Spain products
Because agriculture became self-sufficient
As a result
Craft production fell
Royal finances were in crisis
Farmlands were abandoned
Society
Estates of the realm
Third state
Petite bourgeoisie
Composed of small merchants and craftsmen
Decline, couldn't compete with new forms of production
Peasantry
Suffered because
Rising prices
Higher taxes
Poor harvest
Bourgeoisie
Composed of prominent merchants and business owners
Became richer and more powerful
First and second state
Mantain economic power by
Collecting tithies from peasants
Income they receive from lands
Lesser nobility and clergy very poor
Spain
Own characteristics
Sense of honour
Work was dishonourable
People entering clergy increase
Thrid state
Commercial bourgeoisie small and insignificant
Poverty in petite bourgeoisie and peasantry
People became beggars, thieves or bandids
Demographical problems
Fall in Spain's population
