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THE ECONOMY IN THE 17TH CENTURY image - Coggle Diagram
THE ECONOMY IN THE 17TH CENTURY
17th century
agricultural crisis
Wars
in areas being plundered and reduction in the workforce in the countryside
agricultural production decreased.
Plagues
epidemics caused an increase in mortality
reduction in the agricultural workforce.
Farmers migrated
they migrated to the cities
in order to avoid paying taxes
Agricultural techniques
they were outdated, resulting in low productivity
bad harvests
subsistence crisis
agricultural production decreased
in concequence prices rose
decrease in the population
hunger among the population
second half of the century
situation improved slightly
increase in the population
recovery
growth in colonial trade
English, French and Dutch traders
The colonial empires expanded
fewer wars
The textile industry grew
in England and Holland.
The monarchs intervened in the economy by carrying out mercantile system.
increase of precious metals
Protect national industries by taxing imported products
The european economy
The economic crisis in Spain
The agricultural crisis and the decline in the population
greater demographic decline in Spain than in the rest of Europe.
expulsion of the Moriscos
1609
more than 300 000 people left the Peninsula
the majority where farmers
it had a negative effect on agriculture
Many farmers left the countryside due to the hard way of life
migrated to the cities
they became beggers
Picaros: people from a low social class who manage to survive by deceiving and cheating others.
The trade and craft industry crisis
Spanish monarchy ran out of resources from the Americas.
their sea route to the Americas was under threat from pirates
the colonial empires established trading posts in the Americas in order to sell their products there.
The mines were almost empty
the craft industry
products were not competitively priced in compare to other countries
