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THE EUROPEAN ECONOMY IN THE 17TH CENTURY - Coggle Diagram
THE EUROPEAN ECONOMY IN THE 17TH CENTURY
AGRICULTURAL CRISIS
main economic activity
seriously affected by the following factors
Wars
Plundered areas
Steal riches in a war
reduction in the workforce in the countryside
Due to it
agricultural production decreased
Plagues and other epidemics
increase in mortality
reduction in the agricultural workforce
Migration of farmers to cities
to avoid paying taxes
In periods of crisis
many of them fled
unable to pay taxes
Outdated agricultural techniques
not modern
low productivity
Years of bad harvests
SUBSISTENCE CRISIS
When agricultural production decreased
prices rose
majority of the population did not have enough food
occurred frequently in the 17th century
hunger spread
decrease in the population
demographic decline throughout Europe
In the secold half of the century
the situation improved slightly
increase in the population
compensating for the previous decline
RECOVERY
By the end of this century
the population had increased to the same level of the beginning
factors that enabled this recovery
fewer wars
growth in colonial trade
incorporation of traders
English
Dutch
French
Organise a trading system
Some kings encouraged
the founding of private trading companies.
The colonial empires expanded
English reaching India
French expanding to North America
the Dutch founding trading posts in
South Africa
Indonesia
Growth in textile industry
England
Holland
The monarchs intervened in the economy
implementing the mercantile system
Increase the amount of precious metals entering their kingdoms
prevent them from entering other countries
Protect national industries by taxing imported products
