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The economy in the 17th century - Coggle Diagram
The economy in the 17th century
The European economy in the 17th century
An agricultural crisis ocurred
Causes:
Farmers migrated
To stop paying taxes
Agricultural techniques were outdated
Plagues
An increase in mortality
Bad harvests
Wars
Areas being plundered
Reduction in workforce
This was the subsistence crisis
Hunger and democratic decline
Second half
Situation increased slightly
A growth in colonial trade
Monarchs founded private companies
Textile industry grew
They were fewer wars
Monarchs intervened in the economy
They implemented the mercantile system
They increased the amount of precious metals
They protected national industries
The economic crisis in Spain
The Spanish Monarchy was involved in more wars
Factors contributed to an agricultural crisis
A greater demographic decline than in Europe
The agricultural crisis and the decline in population
The expulsion of the Moriscos
More than 300.000 people were expelled
Agriculture got a negative influence
Many farmers left the countryside
They went to cities
Picaros became predominant
They were from low social class
The trade and the craft industry crisis
Spanish monarchy ran out of resources
Their sea route was constantly under pirates
A crisis in the craft industry
Products were not competitively priced
Trade with the Americas decreased
