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THE ECONOMY IN THE 17TH CENTURY, traders, others, image, image, image,…
THE ECONOMY IN THE 17TH CENTURY
THE EUROPEAN ECONOMY
subsistence crisis
agricultural production decrease--> prices rise
consequences
hunger spread
demographic decline
second half of the century
slightly improved
increase in population (the same as it was at the beginning)
enabled the recovery to occur
fewer wars
growth in colonial trade
kings encouraged founding of private trading companies
colonial empires expand
incorporation of
French
Dutch
English
textile industry grew
monarchs intervened in the economy
mercantile system
governors help the economy prosper
increase amount of precious metals
tax imported products
agricultural crisis affected by
farmers migrated to cities to avoid taxes
agricultural techniques (outdated)
plagues
years of bad harvests
wars
THE ECONOMIC CRISIS IN SPAIN
The agricultural crisis and the decline in the population
farmers left the countryside
migrated to cities, begged
hard way of life
expulsion of the Moriscos in 1609
300 000 people left
negative effect on agriculture
Pícaros: more predominant
low social class, survive by
cheating
deceiving
other went to America to escape poverty
Spanish monarchy: more wars than other Europeans
agricultural crisis
demographic decline
The trade and craft industry crisis
crisis in the craft industry
Spanish manufactured products not competitively priced
mines almost empty
their sea route: under threat from pirates and smugglers
trade with the Americas decreased
craft industries were established locally
Spanish monarchy ran out of resources
rest of the colonial empires
establish trading posts in the Americas
to sell their products
traders
.
.
.
others
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OIHANE TXARROALDE 26, 3.A
