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THE ECONOMY IN THE 17TH CENTURY, image , image , image , image , …
THE ECONOMY IN THE 17TH CENTURY
THE EUROPEAN ECONOMY
Agricultural production
Decreased
prices rose
majority of the population
Lack of food
subsistence crisis
consequences
hunger spread
demographic decline
Agriculture (crisis)
main economic activity
afected by factors
Wars
plundered areas
Plagues
increase in mortality
Farmers
migrated cities avoiding taxes
Outdated
Agricultural techniques
bad harvests years
second half of the century
situation improved
Increase in the population
compensating for the previous decline
factors fo the recovery
fewer wars
growth in colonial trade
textile industry grew
monarchs intervened in the economy
THE ECONOMIC CRISIS IN SPAIN
Spanish monarchy
more wars
worsening of the agricultural crisis
greater demographic decline
Agricultural crisis and Decline in population
1609
Expulsion of Moriscos
more than 300 000 people left the Peninsula
mayority: farmers
negative effect on agriculture
farmers left countryside
migrated to the cities
Pícaros
more predominant
low social class
survive
deceiving
cheating others
The trade and craft industry crisis
Spanish monarchy
ran out of resources from America
main source of income decreased
mines
almost empty
route to the Americas
threat from pirates and smugglers
crisis
craft industry
products
weren't priced
trade with the Americas
decreased
rest of the colonial empires
established trading posts in the America
