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THE ECONOMY IN THE 17TH CENTURY, image, image, image, image, image, image,…
THE ECONOMY IN THE 17TH CENTURY
THE ECONOMIC CRISIS IN SPAIN
Spanish monarchy
became involved
more wars than other european powers
factors also contributed
worsening of agricultural crisis
resulting in a greater
demographic decline
in Spain
The agricultural crisis and the decline in the population
expulsion of Moriscos
in 1609
more than 300 000
people left the Peninsula
majoritu farmers
had a negative effect
in agriculture
Aragon and Valencia
fifth of the population
Farmers left the coutryside
hard way of life
migrated
to cities where they survived
by begging
America
to scape poverty
Picaros
more predominant
people from
low social class
manage to survive
deceiving
cheating others
The trade and craft industry crisis
Spanish monarchy
ran out of resources
from Americas
income decreased
mines
empty
consequently
Spanish monarch main source
sea route
to America
constantly under threat
pirates
smugglers
crisis in the craft industry
Spanish manufactured products
not competitively priced
Trade with the Americas
decreased
craft industries
established locally
to meet the demand
rest of colonial
established trading
in Americas
sell their products there
THE EUROPEAN ECONOMY
17th century
agricultural crisis
agriculture
main economic activity
affected by
plagues and epidemics
increase in mortality
reduction
agricultural workforce
farmers migrated
to cities
avoid paying taxess
many fled
unable to pay them
wars
resulted
areas being
plundered
reduction in the workforce
agricultural techiques
outdated
resulting in low productivity
bad harvests
agricultural production decreased
prices rose
majority of the population did not have enough food
subsistence crisis
hunger spread
resulting in a decrease
population
demographic decline
second half of the century
situation improves slightly
increase in population
the end of the century
population had increased to the same level
factors enabled this recovery
colonial tarde
private trading companies
colonial empires expanded
textile industry
fewer wars
monarch intervened
mercantille system
governors
to help the economy
had to do
increased
2 more items...
Protect national industries
1 more item...
