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THE ECONOMY IN THE 17TH CENTURY - Coggle Diagram
THE ECONOMY IN THE 17TH CENTURY
THE EUROPEAN ECONOMY
seriously affected by these factors:
Farmers migrated to the cities to avoid paying taxes.
Agricultural techniques were outdated
Plagues
There were years of bad harvests.
Wars
When agricultural production decreased, prices rose and the majority of the population did not have enough food.
resulted in an increase in:
population
compensating for the previous decline.
The following factors enabled this recovery to occur:
fewer wars
growth in colonial trade
textile industry grew in some countries
monarchs intervened in the economy
In the second half the situation improved slightly
situation is called a subsistence crisis
In the 17th century, there was an agricultural crisis.
THE ECONOMIC CRISIS IN SPAIN
Other factors also contributed to:
a greater demographic decline
In Spain than in the rest of Europe.
worsening of the agricultural crisis.
The trade and craft industry crisis
Spanish monarchy ran out of resources from the Americas.
The agricultural crisis and the decline in the population
expulsion of the Moriscos in 1609
resulted in 300 000 people left the Peninsula.
Pícaros became more predominant.
Many farmers left the countryside