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Question of the Day: What changed in post-Renaissance society that allowed for the shift from controlled economies to market economies?

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Presentation on theme: "Question of the Day: What changed in post-Renaissance society that allowed for the shift from controlled economies to market economies?"— Presentation transcript:

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2 Question of the Day: What changed in post-Renaissance society that allowed for the shift from controlled economies to market economies?

3 The “Little Ice Age”: 1350-1700 Medieval “Warm Period” In the 17c, Europe relied on a very inefficient agricultural system to feed its population.

4 17c European Agrarianis m

5 Feudal Common Field System

6 Yield Ratio for Grain Crops (1400-1800)

7 Grain Supplies in 16 c Europe

8 Cereal Crops in 18 c Europe

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10 Small Town “Farmer’s Markets”

11 The Village School (17 c )

12 Country People Playing a Ball Game

13 A Lace Maker

14 Supplemental Income  Cottage Industries: “Putting-Out” System

15 The “Putting-Out” System

16 Advantages of the Putting-Out System 1.Peasants could supplement their agricultural incomes.  Take advantage of winter months when farming was impossible. 2.Merchants could avoid the higher wages and often demanding regulations of urban labor.  Easier to reduce the number of workers when the economy was bad. 3.Merchants could acquire capital, which would later play a part in funding industrialization itself.  Peasants acquired future skills. 4.Young people could start separate households earlier, thus contributing to population growth.

17 Question of the Day: How did the Agricultural Revolution lead to changes in society?

18 Disadvantage of the Putting-Out System?? When demand rose [which it did in the 18c] this system proved inefficient.  Merchant-capitalists found it difficult to induce peasant-workers to increase their output. This dilemma eventually led to the factory system  All the workers were concentrated in one place under the supervision of a manager.  Water or steam power could easily be applied there.

19 “Apprentices at Their Looms” William Hogarth, 1687

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21 Population Density: 18c Europe

22 18c Population Growth Rate

23 European Urbanization: 1500- 1800

24 Industry & Population: 18c Europe

25 “Gin Lane” William Hogarth 1751

26 “Beer Street” William Hogarth 1751

27 Emancipation of the Peasantry to 1812

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30 “Enclosed” Fields

31 British Raw Materials

32 18c British Port

33 The Growth of England’s Foreign Trade in the 18c

34 18c English “Nouveau Riche”: The Capitalist Entrepreneur


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