Short Term Causes - Economic Crisis Flashcards
What was the economy largely based on?
Agriculture
Between which years had the agricultural sector grown steadily?
1730s and 1770s
Why had good harvests meant there been an increased in population?
Food surpluses, people were fed and healthy and more able to withstand diseases
What came suddenly to an end during the 1780s?
The general agricultural prosperity
What brought about the sudden end to the general agricultural prosperity?
A series of disastrous harvests between 1778 and 1787
Why was there a major disaster in 1788 that resulted in a very poor harvest?
Very wet spring
Freak hailstones in many areas in July
What did peasants produce as a cash crop?
Wine
What did a poor harvest in a pre-industrialised society always lead to?
Massive unemployment
What did the resulting rise in the price of food lead to?
A lower demand for manufactured goods
A significant increase in the price of bread - a key staple food
Why was there a lower demand for manufactured goods?
More income had to be spent on food
Over the period from 1726 to 1789, what % did wheat prices increase by?
60%
% of a labourer’s daily wage spent on bread in normal times compared to the severe winter of 1788-79
50%
88%
% that production and employment in textile industries fell by in 1789?
50%
What accounted for half of industrial production?
Textile industries
What treaty had the textile industry been badly hit by?
Eden Treaty of 1786