THE ECONOMY IN THE 17TH CENTURY
The European Economy
There was an agricultural and economical crisis caused by:
wars
plagues
farmers migrated to the cities
The agricultural techniques were outdated
In the second half, things got slightly better
Fewer wars
Growth in colonial trade
Textile industry grew
Monarchs intervened in the economy (mercantile system)
Increase the amount of precious metals in their kingdoms
protect national industries by taxing imported products
The Economic Crisis In Spain
The agricultural crisis and the decline
300.000 farmer moriscos were expulsed from the peninsula
Many farmer left the countryside
Pícaros became predominant
The trade and craft industry
Monarchy ran out of resources
Pirates and smugglers were very common
Crisis iin craft industry
Trade with americas decreased
People left to america
