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THE ECONOMY IN THE 17TH CENTURY - Coggle Diagram
THE ECONOMY IN THE 17TH CENTURY
The european economy
subsistence crisis
frequently in the 17th century
hunger spread
decrease in the population
demographic decline
agricultural production decreased
majority of the population didn't have enough food
prices rose
second half of the century
compensating previous decline
end of this century
population had increased
increase in the population
situation improved slightly
recovery
fewer wars
growth in colonial trade
incorporation
English traders
French traders
Dutch traders
organise a trading system
some kings
private trading companies
colonial empires expanded
French expanding to North America
Dutch founding trading posts
South Africa
Indonesia
English reaching India
textile industry
economy
implementing the mercantile system
monarchs intervened
help the economy prosper
Increase the amount of precious metals
Protect national industries
In the 17th century
agricultural crisis
economic activity affected
Agricultural techniques
outdated
resulting in low productivity
plages
epidemic
increase in mortality
reduction in the agricultural workforce
bad harvests
wars
plundered and a reduction
agricultural production decreased
workforce in the countrysideworkforce
Farmers migrated
periods of crisis
many of them fled
were unable to pay them
to avoid paying taxes
The economic crisis in Spain
The agricultural crisis and the decline in the population
very negative effect on agriculture
Aragón
Valencia
fifth of the population
1609
expulsion of the Moriscos
more than 300 000 people left the Peninsula
majority farmers
Many farmers left the countryside
hard way of life
migrated to cities
survived by begging
Pícaros
more predominant
low social class
rogues
Others migrated to America
to escape poverty
The trade and craft industry crisis
mines almost empty
Spanish monarchs' main source of income decreased
their sea route to the Americas
pirates
smugglers
crisis in the craft industry
Spanish manufactured products
weren't competitively priced in comparison
kingdoms create and expand their colonial empires
Spanish monarchy ran out of resources
from America
Trade with the Americas
decreased
craft industries
established locally to meet demand
rest of the colonial empires
established trading posts in America
to sell their products there
Spanish monarchy
worsening of the agricultural crisis
greater demographic decline
involved in wars
more than the other European powers
