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Economic changes in the 18th century, image British East India Company,…
Economic changes in the 18th century
At the beginning of
the 18th century
European
economies
<
European economies
had
same characteristics as earlier
phases of Ancien Régime.
the reforms
introduced by
the reforms introduced by
enlightened monarchs led.
important changes in
all sectors of the economy
during 18th century
harvests improve
reasons
new agricultural
techniques
such as crop rotation,
were more widely used
improved agricultural
machinery.
new crops were
introduced
such as potatoes and corn
improved human and animal nutrition
Craft production
increased
because
population
caused an increase in demand
for many consumer goods
Examples
Royal manufacturers
produce luxury goods
based in large workshops
workers used simple goods
Domestic system
product
sold them to merchants
own homes
became more important
Economic reforms in Spain
Agriculture
build to facilitate irrigation
uninhabited areas
were colonised
craft production
royal manufacturers
estabilised
production in Cataluña was also
protected from foreign competition
trade
internal customs duties
were abolished
transatlantic trade
free trade
with America
British East India Company
Porcelain vase and cooler
Crystal vase
