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THE ECONOMY IN THE 17TH CENTURY, image, image, image, image, image, image,…
THE ECONOMY IN THE 17TH CENTURY
THE EUROPEAN ECONOMY
AGRICULTURE MAIN ECONOMIC ACTIVITY
agricultural crisis
farmers migrated
to avoid taxes
plages
caused mortality
resulted in less workforce
agricultural techniques
low productivity (outdated)
wars
agricultural production decreased
bad harvests
agriculture decreased
prices rose
people couldn't afford food
subsistence crisis
occurred in the 17th century
hunger spread
population demographic decline
second half of the century
the situation slightly improved
population increased
population became the same as the beginning
factors that enabled the process
growth in colonial trade
encourage the private trade companies
English, French and Dutch traders incorporation
colonial empires expanded
textile industries grew
fewer wars
monarchs inverted in the economy
implementing the mercantile system
implement the amount of metals
tax products to protect national industries
ECONOMIC CRISIS
trade and craft industries crisis
Spanish monarchy ran out of resources
their source of income decreased
mines were almost empty
sea rout to the Americas under threat
smugglers
pirates
crisis in the craft industry
Spanish manufactured products
were not competitively priced
craft industries established locally
trade with the Americas decreased
colonial empires
established trading posts in the Americas
to sell their products there
agricultural crisis and population decline
expulsion of Moriscos in 1609
they were farmers
negative effect in agriculture
Valencia and Aragón
lot of people left the Peninsula
farmers left the countryside
the survived by begging
picaros became more predominant
survive deceiving and cheating others
other migrated to America
scape poverty