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THE ECONOMY IN THE 17TH CENTURY - Coggle Diagram
THE ECONOMY IN THE 17TH CENTURY
THE EUROPEAN ECONOMY
In the 17th century, there was an agricultural crisis
Agriculture was seriously affected by the following factors
Wars
Plagues
Farmers migrated
Agricultural techniques
bad harvests
agricultural production decreased, prices rose
This situation is called a subsistence crisis
Consequently, hunger spread, resulting in a decrease in the population
second half of the century, the situation improved slightly
following factors enabled this recovery
fewer wars
growth in colonial trade
textile industry grew
monarchs intervened in the economy
THE ECONOMIC CRISIS IN SPAIN
The agricultural crisis and the decline in the population
expulsion of the Moriscos in 1609
very negative effect on agriculture
farmers left the countryside
Pícaros became more predominant
Others migrated to America
The trade and craft industry crisis
Spanish monarchy ran out of resources
mines were almost empty
sea route to the Americas was constantly under
crisis in the craft industry
Trade with the Americas also decreased