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THE ECONOMY IN THE 17TH CENTURY, image , image , image , image -…
THE ECONOMY IN THE 17TH CENTURY
The European economy
Agricultural crisis in the 17th century
Factors that made agricultural production decline
High taxes
farmers migrate to the cities
Wars
areas were plundered
reduction of workforce in the countryside
Outdated agricultural techniques
Years of bad harvests
Plagues
reduction in agricultural workforce
increase in mortality
increase in prices
didn't have food to eat
Subsistence crisis
Consequences
Hunger
demographic decline
in the second half of the century the situation improved
recovery of the lost population
Factors that affected the recovery
Less wars
Growth in colonial trade
founding of private trading companies
due to the incorporation of new trade countries
Colonial empires expanded
English reached India
French reached North America
Dutch found trading posts
grow of some textile industries
monarchs implement mercantile system
increase the amount of precious metals of kingdom
protected national industries by taxing foreign products
The economic crisis in Spain
Greater demographic decline in Spain than in Europe
A lot of wars and agricultural crisis
Agricultural crisis and decline in the population
Farmers left the countryside
Migrate to the cities
Pícaros were more predominant
people form low social class
deceive and cheat others to survive
The expulsions of Moriscos (1609)
More than 300 000 farmers left
great influence in the decline of agriculture
specially from Valencia/Aragón
Migration to America
The scape poverty
Trade and craft industry crisis
Ran out of resources from the Americas
mines were empty
Pirates and smugglers
in the way to the Americas
Trade with Americas decrease
local craft industries
Trading posts in the Americas
by colonial empires
