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Early modern age Point1 - Coggle Diagram
Early modern age Point1
Economic transformation
From mid-fifteen century onwars
Following the cathastrofe of final middle ages
Fall of constantinople
Europe began to recover
Increase of agricultural production:
Increase in the amount of land that was cultivated
Almost all crops were of cereals
Agriculture and livestock was the main economic activity of society
NO technological advances
Tree-field system was maintained
Intensify comercial activity
Increase of agriculture generate more food than they need
So the extra food was sold in CITY-MARKETS
Merchants and traders travelled in search of new markets
establishing trade routes over land and sea btween cities and countries
During the explorations of new lands
New products brought into europe
Expansion of craftmanship
products made in workshops
Asociation of craftsmen
Ruled by guilds
Products were also made in people homes
Domestic-system was created
Merchants provided families with raw materials
To meet growing the demand
Development of mercantile capitalism
Economic system in wich capital
belong to private owners
Generally members of bourgeoisie
They created private trading companies
Social Change
Economic prosperity result in a increase of population
And reduction of big epidemies
Cities grow, Especial the ones that have important ports and trade routes.
defining characteristic was the urban society development
Society continued divided into social groups, "classes"
Privileged class: Nobility and Clergy they were a minority
Only ones with access to high political positions and no taxes
Unprivilegied class:
Also called comoners mayority of thr population
Paid numerous taxes and didn't have access to high political positions
This group was divided into various sub-groups
Peasants
Continued to form the largest group
Serfs of the feudal lord
The had to pay them for their harvest
For this reason many of them move to cities
Burgeoise
Ruled by a feudal Lord
Were city inhabitants
This social group increased in number
They gained political influence
Significant differences inside this group:
Upper bourgeois
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Lower bourgeois :
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Some social groups protested for their rights violently
Some of bourgoises became more important than the nobles
And starts having same privileges
As result, families from nobility began marrying into richest families of the bourgeois
Monarch supported bourgeois or nobility, depending in what did they wanted
Providing Loans
Merchants need money to begin new comercial activities
So they asked to bankers
Bankers lent money in exchange to return a bit more
This was called interest
So the banks became rich
And start having a big role
Medici family, in Florence
Fugger family, in germany were the mos important bankers
The monarch asked to the banks for money to rule the states to
Creating new forms of payment
The bill of exchange was created
This was a document that waranteed that the banker would pay a merchant, or another person a specific quantity of money at an specific place.