Continuities and Changes to Economic Practice and Development from 1648-1815

Hannah Hill
6 min read
Listen to this study note
#AP European History Study Guide: 17th Century Transformations
Welcome to your ultimate review guide! Let's break down the key economic and commercial changes of the 17th century. We'll make sure you're not just memorizing facts but understanding the big picture. Let's get started! ๐ช
#1. Context: Population & Shifting Power
By 1450, Europe began its slow recovery from the Black Death, which led to a population boom until the mid-17th century. This growth, combined with new trade routes, shifted the economic center from the Mediterranean to northwestern Europe. England, France, and Spain established overseas colonies, while the Dutch explored trade routes to the East Indies. This era saw the rise of colonial empires and global trade networks. However, by the end of the 17th century, both the Dutch United Provinces and Spain faced decline.
Remember that this period marks a significant transition in European power dynamics, setting the stage for future conflicts and collaborations.
#2. The Agricultural and Commercial Revolutions
#2.1 The Agricultural Revolution ๐พ
The Agricultural Revolution in the 16th and 17th centuries dramatically increased food production, particularly in Britain. This was a game-changer!
- Four-Field Rotation System: This new system replaced the old two-field system, making soil more fertile and increasing food production. Think of it as a more efficient way to farm! ๐
- Land Reclamation: The Dutch reclaimed land from the sea, adding even more farmland. ๐
- New World Crops: Crops like potatoes and corn from the Americas boosted the European population. ๐ฅ๐ฝ
- Cottage Industry: Also known as the putting-out system, this involved rural families producing textiles at home, which were then finished by manufacturers. ๐งถ
The Agricultural Revolution wasn't just about farming; it fueled population growth, which in turn drove demand for goods and labor, creating a positive feedback loop.
#2.2 The Commercial Revolution
The Commercial Revolution was all about changes in trade and business practices. This era saw a shift from town-centered economies to nation-centered ones, and the rise of merchant capitalists. ๐ฐ
- Merchant Capitalists: Entrepreneurs like the Medici and the Fuggers financed new ventures. ๐ฆ
- Expanding Trade Networks: New routes with the Americas and Asia created new markets for European goods. ๐ข
- Printing Press: Created a market for books and print material. ๐
- Bills of Exchange: These helped develop the banking industry by facilitating loans with interest. ๐ธ
- Joint-Stock Companies: These companies, like the Virginia Company, invested in overseas ventures. ๐
The Commercial Revolution led to a growing middle class, increased wealth, and a shift in economic power from the Mediterranean to northwestern Europe.
Think of the Commercial Revolution as a chain reaction: increased trade -> more wealth -> new business practices -> growing middle class.
#2.3 Price Revolution & Economic Shifts
The discovery of gold and silver in the Americas (especially in Peru) led to a price revolution, causing inflation and rising prices. This hit poorer populations hard and contributed to an economic depression in the late 1600s, ultimately weakening the Spanish Empire. ๐
- Capitalism: This system increased investments, privatized land and businesses, and led to a market economy where the bourgeoisie (middle class) gained power. ๐ก
- Economic Centers: Italian city-states like Venice lost their trade monopoly as new routes shifted economic power to northwest Europe.
Don't confuse the Agricultural and Commercial Revolutions. The Agricultural Revolution increased food production, while the Commercial Revolution changed trade and business practices.
#3. Final Exam Focus
Okay, here's what you absolutely need to nail for the exam:
- Key Concepts: Agricultural Revolution, Commercial Revolution, Price Revolution, joint-stock companies, cottage industry, mercantilism, and the rise of the bourgeoisie.
- Geographic Shifts: Understand how economic power moved from the Mediterranean to northwestern Europe.
- Cause and Effect: Be able to connect the Agricultural Revolution to population growth and the Commercial Revolution to the rise of capitalism.
- Colonialism: Know the major colonial powers (England, France, Spain) and their impact on global trade.
When tackling FRQs, make sure to address all parts of the question, provide specific evidence, and analyze the connections between different historical developments. For MCQs, look for keywords and eliminate obviously wrong answers first.
#Last-Minute Tips
- Time Management: Don't spend too long on any one question. If you're stuck, move on and come back later.
- Avoid Vague Answers: Be specific with your examples and analysis. The more detail, the better!
- Stay Calm: You've got this! Take deep breaths and trust your preparation.
#4. Practice Questions
Practice Question
#Multiple Choice Questions:
-
Which of the following best describes the impact of the Agricultural Revolution on European society? (A) It led to a decline in population due to famine. (B) It resulted in increased food production and population growth. (C) It caused a shift towards subsistence farming. (D) It had minimal impact on economic development.
-
The Commercial Revolution in Europe was characterized by which of the following? (A) A decline in trade and economic activity. (B) The rise of feudalism and manorialism. (C) The expansion of trade networks and the growth of capitalism. (D) A decrease in the power of merchant capitalists.
-
Which of the following was a major consequence of the Price Revolution in the 16th and 17th centuries? (A) Increased social equality and economic stability. (B) Inflation and economic hardship for poorer populations. (C) A decline in the importance of trade and commerce. (D) A decrease in the demand for manufactured goods.
#Free Response Question:
Analyze the economic and social consequences of the Agricultural and Commercial Revolutions in Europe during the 16th and 17th centuries.
Scoring Breakdown:
- Thesis (1 point): A clear, historically defensible thesis that addresses the prompt.
- Evidence (2-3 points): Specific examples of the Agricultural and Commercial Revolutions and their impact on society. (e.g., four-field system, joint-stock companies, price revolution, cottage industry)
- Analysis (2-3 points): Explanation of how the Agricultural and Commercial Revolutions led to social and economic changes (e.g., population growth, rise of the bourgeoisie, increased trade, inflation).
- Complexity (1 point): Demonstrates a nuanced understanding of the topic by discussing multiple perspectives or acknowledging the limitations of the analysis.
Good luck! You've got this! ๐
Explore more resources

How are we doing?
Give us your feedback and let us know how we can improve