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The economic crisis in Spain (1.2) - Coggle Diagram
The economic crisis in Spain (1.2)
Spanish monarchy became involved in wars
More than other European powers
Other factors also contributed agricultural crisis
Greater demographic decline
In Spain than in the rest of Europe
Agricultural crisis & decline of population
Expulsion of the Moriscos in 1609
More than 300.000 people left the peninsula
The majority were farmers
Had very negative effect on agriculture
Specially in Aragon and Valencia
They were a fifth of the population
Many farmers left the countryside due to hard way of life
They migrated to the cities
Pícaros became more important
Others migrated to America
To escape poverty
Trade & Craft industries crisis
While other kingdoms were
Creating
Their colonial empires
Spanish monarchy ran out of resources from the Americas
Mines were almost empty
Spanish monarchs' main resource of income decreased
Their sea route to the Americas
Constantly under threat from pirates and smugglers
Crisis in craft industry
Spanish manufactured products were not
Competitively priced in comparasion to other countries
Trade with Americas decreased
As craft industries were established
To meet the demand
The rest of the colonial empires established trading posts in America
Sell their products there
Expanding