History The Black Death Questions
The Black Death had a significant impact on economic practices. It caused a severe labor shortage as a large portion of the population died, leading to increased wages for workers. This shift in labor dynamics also resulted in a decline in feudalism and the rise of a more market-based economy. Additionally, the reduced population led to a decrease in demand for goods and services, causing a decline in prices. Overall, the Black Death disrupted traditional economic practices and contributed to long-term changes in the economic structure of Europe.