Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economic changes in the 18th century - Coggle Diagram
Economic changes in the 18th century
At the beginning of the 18th century
European economies
had the same characteristics as in the earlier phases of the Ancien Régime
the reforms
introduced by enlightened monarchs
led to important changes in all sectors of the economy
harvests improved
new crops
corn
potatoes
These improved human and animal nutrition
new agricultural techniques
crop rotation
were more widely used
improved agricultural machinery increased farmers' productivity
Craft production increased
population growth caused an increase in demand for many consumer goods
The guilds also had to compete with new systems of production
In rural areas
the domestic system of production became more important
Peasants
made products in their own homes
sold their products to merchants
This allowed them to
earn extra income during times of reduced agricultural activity
Royal manufacturers
produced various luxury goods
They were based in large workshops
their workers used simple tools
Economic reforms in Spain
The Spanish economy experienced growth in the 18th century
result of reforms introduced by Felipe V, Fernando VI and Carlos III
sociedades económicas de amigos del país
also played an important role
carrying out
economic
then publishing the results
technical studies
scientific
Some of the most important
agriculture
canals were built to facilitate irrigation
uninhabited areas were colonised
craft production
royal manufacturers were established
for
porcelain
other luxury goods
silk
Textile production in Cataluña
protected from foreign competition
trade
internal customs duties were abolished
Cádiz lost its monopoly on transatlantic trade
allowing free trade with America