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THE ECONOMY IN THE 17TH CENTURY, image, image, image, image - Coggle…
THE ECONOMY IN THE 17TH CENTURY
European economy
agricultural crisis
affected by
Agricultural techniques
outdated
low productivity
plagues
incriase mortality
reduction in workforce
bad harvests
wars
areas plundered
reduction in workforce
Framers migrated
avoid taxes
to cities
prices rose
population didn't have food
subsistence crisis
the situation was called
occurred frequently
hunger spread
decrease population
secon half of century
situation improved
increased in population
same level as beginning
factors enabled recovery
growth colonial trade
kings encoraged founding private trading
textil industry grew
England
Indonesia
fewer wars
monarchs intervened
implement mercantile system
governors had to do
increase amount precious metal entering
protect national industries
Economic crisis Spain
trade, caft industry crisis
crisis caft industry
manufactured products
not competitively price other countries
trade Americas
decrease
craft industries
establihsed locally
meet the demand
other colonial empires
established traiding pots
mines
almost empty
monachs main source income decreased
route Americas
pirates, smugglers
ran out resources
to expand colonial empire
agricultural crisis decline population
expulsion of Moriscos
1609
300 000 people left
majority farmers
farmers left countryside
due to hard life
to cities survived begging
Pícaros
more predominat
low social class
survived by deceving, cheating
migrate to America
involved more wars
worseing agricultural crisis
demographic decline
