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2. THE ECONOMY AND SOCIETY OF THE ANCIEN REGIME, image, image, image,…
2. THE ECONOMY AND SOCIETY OF THE ANCIEN REGIME
Characteristics
Guilds
Associations of craftsmen in the same trade that regulated aspects such as working hours, prices, wages and tools.
Domestic trade
Grew very little due to internal customs duties and the poor quality of the roads
Traditional agriculture
Very low productivity
People farmed to meet their own needs and used outdated techniques and tools
Mercantilism
During the 17th century, Europe's absolute monarchs imposed a new economic system
Mercantilism was based on the idea that a country's wealth depended on how much gold and silver it possessed
The states of the realm
Social organisation
The First and Second Estates (the clergy and nobility) maintained their traditional privileges
Third Estate (the ordinary people) did not have any privileges
NAIA PEREZ ARETXABALA
