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Economy in the 17th century - Coggle Diagram
Economy in the 17th century
European economy
Recovery was enabled by the following factors
growth in colonial trade
growth in textile industry
fewer wars
monarchs implemented the mercantile system
Agricultural crisis
As the production decreased, the prices rose
hunger spread
this caused demographic decline
Causes:
Farmers' migration
in order not to pay taxes
farmers migrated to the cities
farmers stopped working
Outdated agricultural techniques
that caused agriculture to decrease
Plagues
increased mortality->decrease in agriculture
Bad harvests
parts of the land didn't produce propperly
Wars
lots of areas were plundered
the situation improved in the 2nd half of the cenury
The economic crisis in Spain
The agricultural crisis and the decline in the population
Rogues
were people that lived by stealing and cheating
were part of the lowest social classes
The amount rose
farmers left the countryside
they couldn't pay the taxes
subsisted as beggars in the city
Migration to America
in order to scape poverty
Expulsion of the Moriscos
more than 300 000 people were expelled
the majority were farmers
in 1609
The trade and craft industry crisis
crisis in the craft industry
Spanish products hadn't got compentent prices
Trade with the Americas also decreased
craft industries were established locally to meet the demand
Mines were empty
the sea route to the Americas was controlled by pirates
Colonial empires set trading points in the Americas
The resources of the Americas ran out
Great demographical decline
Agricultural crisis
Spanish monarchy was involved in several wars
