Today in Social Sciences we have learned a lot of things.
At first, we have reviewed the summary that we had to do for today. It was about demography, economy and society of the 17th century. Marta has read the demography summary that says there was a slow population growth due to high mortality rates caused by wars, epidemics and famines.
Then, Nuria has read the society summary. The society continued to be divided into the privileged and underprivileged estates and there was increasing discontent of the bourgeois because they didn't have political power.
Finally María has read the last part of the homework which was the economy summary. Agriculture continued to be the predominant economic activity and there were some changes in production and trade. Manufactories were created to avoid intermediaries and sell the products directly in the market and to produce more of them.
Gobelins Manufactory, Paris.
Some new countries intervened in long distance trades, apart from the Hispanic Monarchy and Portugal. They were England, France and the Low Countries. We have written down that England and Holland seized some territories from Portugal (Cape Colony and the Spice Islands respectively).
We have also seen that trading companies appeared. They were created to share the risks and expenses of long distance trades. Shareholders invested their money and, if the bussiness didn't fail, they received the corresponding part of the profits. If not, they were not responsible for the losses.
A new trade route linking Europe, Africa and America appeared. The triangular trade. In this website you can see with details all the products Europe, Africa and America sold and bought.
To finish with the lesson, Paqui has explained us the Absolute Monarchy from the Politics in the 17th century scheme. A perfect example of this type of monarchy was Louis XIV of France or also know as "The Sun King".
Louis XIV, King of France, in 1661
The Sun King's emblem
During the lesson we have written down some new words in our glossaries like:
- Famine: hambruna.
- Stock Exchange Market: bolsa
- Partner: socios.
- Public Limited Company: Sociedad Anónima.
- Share/stock: acción.
- Shareholder/stockholder: accionista.
- Profit: beneficio.
- Scholar: sabio, erudito.
And so on.For homework we have to complete the scheme which is formed by the Thirty Years War with its causes, consequences and development, the Absolute Monarchy with its main features and examples and English revolutions with the same points as the Thirty Years War.
And that's all! Hope you have a good weekend! See you on Monday.