Question

What was the nature of 17th century crisis of european economy?

Answer 1

It is generally accepted by historians that there was a crisis' that blanketed all of Europe during the 17th century. A myriad of revolts, uprisings and economic contractions occurred almost simultaneously and had a profound impact on the socio- economics of the entire continent.

Answer 2

The nature of the 17th-century crises of the European economy given below.

Explanation:

• Europe during the 15th and 16th centuries saw the process of expansion and growth.
• The reasons that attributed to causing this crisis in the 17th century included wars, revolts, politics, plagues, and climate changes.
• According to Eric Hobsbawm, economic and social forces created the crisis.
• On the other hand, Trevor Roper stressed religious and political conflict for the crises.

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