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THE ECONOMY IN THE 17TH CENTURY - Coggle Diagram
THE ECONOMY IN THE 17TH CENTURY
THE EUROPEAN ECONOMY
In the FIRST part of the 17th century
There was an agricultural crisis
The economy was affected by
Wars
Resulted in areas being plundered
Reduction in the workforce in the countryside
Agricultural production decreased
Plagues
Caused an increase in mortality
Reduction in the agricultural workforce
Farmers migrated
To the cities to avoid paying taxes
Fled because they were unable to pay
Them to the nobility
Agricultural techniques
Were outdate (not fashion)
Resulting in low productivity
Bad harversts
for years
The situation is called a
subsistence crisis
Prise rose, the majority of the population
Didn't have enough food
Hunger spread and
There was a
demographic decline
throughout Europe
In the SECOND part of the 17th century
The situation improved slightly
Population increase
Compensated the previous decline
At the end of the century
Population increased as it was on the beginning
The things that caused the increase were
Fewer wars
Growth in
colonial trade
Incorporation of English, French and Dutch traders
To organise a trading system
Some kings encouraged the founding of
Private trading companies
They expanded in the following way
English reaching India
French expanding to North America
Dutch founding trading posts in
South Africa
Indonesia
Textile industry grew
in countries
Like England and Holland
The
monarchs intervened
in economy
With the mercantile system
Governors did these things to help the economy
Increase the amount of precious metals
Which entered to their kindoms
Prevent them from entering other countries
Protect national industries
Taking imported products
THE ECONOMIC CRISIS IN SPAIN
The agricultural crisis and the decline in the population
Expulsion of the Moriscos
(1609)
300 000 people left the Peninsula
The mayority were farmers
Had a negative effect on agriculture
Especially Aragón and Valencia
Where fifth of the population was
Farmers left the countryside
Because of the way of hard life
They migrated to the cities and they survived by begging
Pícaros (rogues)
Became more predominant
People from low social class
They survive by deceiving/cheating others
Other people
Migrated to America to
escape poverty
The trade and craft industry crisis
Spanish monarchy
Ran out of resources from the America
Other kingdoms
Created and expanded their colonial empires
Spanish monarchs' main source of income
Decreased because mines were almost empty
Their sea route to the Americas
Was under threat from
Pirates
Smugglers
Take things illegaly, and move then to other countries
Crisis in the craft industry
Spanish manufactured products
Weren't competitively priced
Compared to other countries
Trade with the Americas decreased
Craft industries
Established locally to meet the demand
The rest of the colonial empires
Established trading posts in the Americas
To sell their products there
Spanish monarchy was involved in wars
More than other European powers
Agricultural crisis was also worse
In Spain demographic decline was greater
