How did the Black Death affect the economic structure?

History The Black Death Questions



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How did the Black Death affect the economic structure?

The Black Death had a significant impact on the economic structure. It led to a shortage of labor due to the high mortality rate, resulting in a decrease in the workforce. This scarcity of laborers led to increased wages for those who survived, as they were in high demand. Additionally, the reduced population also led to a decrease in demand for goods and services, causing a decline in prices. The economic disruption caused by the Black Death also resulted in changes in the feudal system, as peasants demanded better working conditions and higher wages. Overall, the Black Death caused a restructuring of the economy, with labor becoming more valuable and the feudal system being challenged.