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THE ECONOMY IN THE 17TH CENTURY - Coggle Diagram
THE ECONOMY IN THE 17TH CENTURY
1st half
Agricultural cirsis
•Wars reduced workforce
•Epidemics caused an increase in mortality
Reduction in workforce.
• Farmers migrated to the cities to avoid paying taxes.
• Agricultural techniques were outdated
• Years of bad harvests.
Subsistence crisis
Hunger spread
Decrease in the population or demographic decline
2nd half
Situation imporved
Because:
• There were fewer wars.
Growth in colonial trade, with the incorporation of:
French traders
Dutch traders
English traders
The textile industry grew in some countries
England
Holland
Monarchs implemented the mercantile system
Taxing imported products
Increase of precious metals
THE ECONOMIC CRISIS IN SPAIN
Agricultural crisis and population decline
Expulsion of the Moriscos in 1609
300 000 people left the Peninsula
Farmers
Farmers left the countryside
Migrated to the cities
survived by begging
Pícaros (rogues) became more predominant
People from a low social class
survived by deceiving and cheating others
Others migrated to America to escape poverty
Trade and craft industry crisis
The trade and craft industry crisis
Spanish monarchy ran out of resources from the Americas
Spanish products were expensive in comparison to other countries
