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What was the center of European economy in the 16th century?
Antwerp had been one of the greatest centers of trade and finance; indeed, it had stood as the key city in the European economy. After the Sack of 1576 although there were additional factors it never regained its former position.
How did the growth of trade takes place in the 16th century?
Answer: The sixteenth century saw not only the rise of new economic powers but also the decline of old ones. This was an organization of cities in northern Europe, formed for the purpose of carrying on trade; it had been one of the great powers in the fourteenth and fifteenth centuries.
What major social system existed in Europe in the 16th century?
Feudalism, also known as the feudal system, was the combination of the legal, economic, military, and cultural customs that flourished in Medieval Europe between the 9th and 15th centuries.
What was the price revolution during the 16th century?
The price revolution is a period that was characterized by a high rate of inflation in Europe, the period lasted from late 15th century to mid-17th century and lasted for approximately 150 years. The period was marred by an extreme increase in prices of goods, in some cases, the increase was six folds.
What was the price revolution and how did it alter Europe?
This enlarged the monetary supply and price levels of many European countries. Combined with this influx of gold and silver, population growth and urbanization perpetuated the price revolution. According to this theory, too many people with too much money chased too few goods.
What was Europe like in the 16th century?
The 16th century was a period of vigorous economic expansion. This expansion in turn played a major role in the many other transformations—social, political, and cultural—of the early modern age. By 1500 the population in most areas of Europe was increasing after two centuries of decline or stagnation.
What was life like in the 1600s in Europe?
In the 1500s and 1600s almost 90% of Europeans lived on farms or small rural communities. Crop failure and disease was a constant threat to life. Wheat bread was the favorite staple, but most peasants lived on Rye and Barley in the form of bread and beer. These grains were cheaper and higher yield, though less tasty.
What was the economy of Europe in the 16th century?
Economy and society The 16th century was a period of vigorous economic expansion. This expansion in turn played a major role in the many other transformations—social, political, and cultural—of the early modern age. By 1500 the population in most areas of Europe was increasing after two centuries of decline or stagnation.
What was the main body of 16th century trade?
Main Body: English 16th Century Trade. The British overseas trade of the 16 th to 17 th centuries went through two major phases separated by a lengthy interim period, which can be described as a transformational period that defined the English trade to come for several centuries.
Why was there a crisis in Europe in the 16th century?
The apparent prosperity of the 16th century gave way in the middle and late periods of the 17th century to a “general crisis” in many European regions. Politically, the new centralized states insisted on new levels of cultural conformity on the part of their subjects.
What was the main export of England in the 1500s?
Wool had been the chief article of export for England since the thirteenth century, but by 1500 a shift had occurred. For a long time it had been raw wool that the English sent abroad to be processed into woolen cloth in foreign countries.