Kategorier: Alle - agriculture - army - trade - capitalism

av LUCIA BRAOJOS CASADO 6 måneder siden

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CHANGES IN EARLY MODERN AGE

During the Early Modern Age, significant economic changes occurred, including the persistence of agriculture as a primary activity and the advent of capitalism. Banks, insurance companies, limited companies, and bills of exchange emerged to support merchants and mitigate financial risks.

CHANGES IN EARLY           MODERN AGE

CHANGES IN EARLY MODERN AGE

Topic principal

Main historical events

Many major events caused Europe to change around the start of the 16th century, starting with the Fall of Constantinople in 1453, the fall of Muslim Spain and the discovery of the Americas in 1492, and Martin Luther's Protestant Reformation in 1517.

Cultural changes

At the start of the Early Modern Age there were significants in thought and science.
Critical thinking

Previous sources of knowledge were tradition, the great scholars and sacred texts.

Practical demonstrations

experimentation

Extensinsive studies

research

Individual reflection

Reason

The desire for knowledge

Due to their intellectual curiosity.

Optismism and creativity

Humanists believed in a better life and their creativity resulted in many inventions.

Anthropocentrism

Humans became the centre of philosophical reflection and artistic creation.

A renewed interest in Classical culture

Became the point of refence for for intellectual and artistic activity.

Political changes

Wealth and icome from taxation rose thenks to the increased in agricultural and craft production.
A diplomatic corps

This institution allowed monarchs to stablish alliances with other states or kingdoms.

A royal army

Monarch estabilished permanent armies of mercenaries, who paid with taxes they collected.

A royal goverment

Thanks to the increased in trade and the more general economic recovery.

Economic changes

Finance: the birth of the capitalism
Insurance companies

These allowed merchants to minimise their risks.

Limited companies

These allowed people to invest in bussinesses with limited risk.

Bills of exchange

There were documents that guaranteed a bank would pay a merchant in a specific place on a specific date.

Banks

Merchants needed money for their trading companies.

Trade
The development of the primary and secondary sectors resulted in surplus production and this increased trade.
Secondary sector
In the cities, artisans' guilds established and controlled prices, production techniques and access to the prefession.
Primary sector
Agriculture and livestock farming continued to be the main economic activity and the most important crops were cereals.

Social changes

Women's roles
Continued to have a lower social status. However, women's situations varied depending on their social status.
Unprivileged
Urban population

Grew during this time thanks to the development of craft, trade and the cities.

Worked land

Were serfs or day labourers working for a lord.

Privileged estates
Consisted of the nobility and clergy.