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European economy (1.1) - Coggle Diagram
European economy (1.1)
In 17th century
There was agricultural crisis
Agriculture was the main economic activity
And was seriously affected in some factors
Wars
Resulted in areas being plundered
Because of that agricultural production decreased
A reduction in the workforce in the countryside
Plagues
And other epidemics
Caused increase in mortality
Resulting in a reduction of agricultural workforce
Farmers migrated
To the cities
To avoid paying taxes
Because they were unable to pay them
Agricultural techniques
Were outdated
Resulting in low productivity
Bad harvests
When agricultural production decreased
Price rose
Most of population did not have enough food
The second half
Situtation improved slightly
Increased population
Compensating the previous decline
By the end of the century
The population increased to the same level that was at the beginning
Following factors enabled this recovery
Growth in colonial trade
Because of the incorporation of the traders that were
French
Dutch
English
Textile industry grew in some countries, such as
England
Holland
Fewer wars
Monarchs intervened in the economy
Implementing the mercantile system