The Economic Crisis of the 17th Century

The Economic Crisis of the 17th Century - The Economic...

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The Economic Crisis of the 17 th Century - Disputed causes: Thirty Years’ War, states’ demands for more taxes, rudimentary banking practices, inability of agriculture to support a growing population, waste caused by the middle-class in trying to emulate the nobility, and even Global Cooling - Bad harvests, food shortages, famine - Many peasants just abandoned their villages and let the land to waste - The Dutch Republic was basically unscathed due to their excellence in agricultural innovation - England fared second best, because they didn’t depend on New World gold and silver, like the Spanish did, and they escaped the direct impact of the Thirty Years’ War - Revolts from Ireland to Muscovy from 1594 to 1597 - Most people didn’t rebel or revolt, they just left their land and became beggars - Lack of nutrition allowed disease to spread rapidly - Face of the family changes - Families postponed marriages and had fewer children, since half of all children died before age 20 and 10% of all women died in childbirth
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This note was uploaded on 04/09/2008 for the course HIST 1201 taught by Professor Howardeisenstatt during the Fall '07 term at Seton Hall.

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