Habsburg Spain: 16th Century Boom and 17th Century Decline
Economic and Demographic Shifts in Habsburg Spain
The 16th Century: Growth and Prosperity
The 16th century was marked by significant demographic and economic expansion, largely fueled by wealth from the Americas.
- Demographics: The population grew due to increased birth rates and greater financial stability.
- Economy: Major development facilitated the distribution of products throughout Europe and the Americas.
- Industry: Primarily craft-based, characterized by strong textile exports (wool), meeting high demand.
- Agriculture: New lands were cultivated, leading to job creation.
- Urban Centers: Towns grew stronger, experiencing less hunger and fewer outbreaks of disease.
The 17th Century: Crisis and Retreat
The 17th century brought a period of economic contraction...