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THE ECONOMY IN THE 17TH CENTURY, image, image, image, image, image, image,…
THE ECONOMY IN THE 17TH CENTURY
The European Economy
Agriculture
Was the main economic activity
There was an agricultural crisis
Was seriously affected by
Wars
Resulted in
Areas being plundered
A reduction in the workforce
In the countryside
Agricultural production decreased
Plagues
And other epidemics
Caused an increase in mortality
Resulting in a reduction
In the agricultural workforce
Farmers migrated
To the cities
To avoid paying taxes
Many of them fled
Because they were unable
To pay taxes
Agricultural techniques
Were outdated
Resulting in low productivity
Bad harvests
For some years
When agricultural production decreased
Prices rose
The majority of the population
Didn't have enough food
Subsistence crisis
Occurred frequently in the 17th century
Hunger spread
Resulting in
A decrease in the population / demographic decline
Throughout Europe
In the second half of the 17th century
The situation improved slightly
Resulted in
An increase in the population
Compensating for the previous decline
By the end of this century
The population had increased
To the same level
That it was at the beginning
Some factors enabled this recovery
There were fewer wars
There was a growth in colonial trade
With the incorporation of
English, French and Dutch traders
In order to organise
A trading system
Some kings encouraged
The founding of private trading companies
The colonial empires expanded
With the English reaching India
With the French expanding to North America
With the Dutch founding trading posts
In South Africa and Indonesia
The Economic Crisis in Spain
The Spanish monarchy
Became involved in more wars
Than other European countries
Greater demographic decilne
In Spain
Because of the worsering
Of the agricultural crisis
The agricultural crisis and the decline in the population
The expulsion of the Moriscos (1609)
More than 300 000 people
Left the Peninsula
The majority were farmers
Had a very negative effect
On agriculture
Especially in Aragón and Valencia
Many farmers left the countryside
Due to the hard way of life
Migrated to the cities
Where they survived by begging
Pícaros (rogues)
Became more predominant
People from a low social class
They managed to survive
By deceiving and cheating others
Other migrated to America
In order to escape poverty
The trade and craft industry crisis
The Spanish monarchy
Ran out of resources
From the Americas
The mines
Were almost empty
Spanish monarchs'
Main source of income
Decreased
Their sea route
To the Americas
Was constantly under threat
From pirates and smugglers
Crisis in the craft industry
Spanish manufactured products
Weren't competitively prices
Trade with the Americas
Decreased
As craft industries
Were established locally
To meet the demand
