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What factors were responsible for the growing wealth and prosperity in the seventeenth century?

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10/07/2014

In 17th century Europe, quite a few factors were responsible for a general trend of increased wealth and prosperity -- despite the wars and other social problems that afflicted various European nations at the time. For one thing, the Scientific Revolution spread a new spirit of innovation and discovery throughout Europe's intellectual centers. For another thing, King Louis XIV reigned in the continent's most powerful nation, France. For yet another, the rich metal-deposits of the Americas began to be systematically mined by Spain, in particular, which introduced vast amounts of material wealth into European coffers.