The Black Death had a devastating impact on local communities, and the class of survivors created a country of higher wages and peasants with a determined sense of their own worth. The Bubonic Plague, known more commonly as the Black Death, was a fatal disease that ravaged Asia and Europe during the mid-14th century. The Economic Impact of the Black Death of 1347–1352 THE PLAGUE ENDS POPULATION GROWTH IN EUROPE Between 1347 and 1352, the Black Death killed more than 20 million people in Europe. The crushing of many business and other sources of economic importance was also another prevailing factor. For example, lack of enough laborers, rebellions, death of many people, and collapse of major economic structure in the European countries.

These actions caused a very unstable effect on the economy of Europe. Most rich people did not wish to keep saving their money for the future. Employers attempted to counteract higher wages by using these new machines and techniques to manipulate the available recourses as well as the use of more capital for labor. The outburst of the plague took place in 1348, and even though exact death toll figures do not exist, it is believed that up to 200 million people lost their lives by 1352. The Black Death had several consequences including cultural, religious and economic influences. Mortality rates that are high and the desertion of plague infected towns and cities by frightened inhabitants meant that several tasks which are critical went unperformed. This meant that most people engaged in extravagant lifestyle and practices just to enjoy themselves thinking that they may die from the disease. "Unrest was everywhere" (Microsoft Bookshelf, page 1). This was due to the large number of deaths due to the very fast spreading of the disease. Thus, there were many economic, social, and political effects of the Black Death. A suddenly and sharply smaller population ensured a glut of manufactured and trade goods, whose prices plummeted for a time. All Rights Reserved.Want to make sure we can complete your complex assignment? with EssaysProfessors Business & Finance The number of skilled labor reduced considerably and some business had to close down due to lack of workers. There are also good things that happened due to the Black Death pandemic. During the black plague pandemic, the poor laborers had more say. This was brought about by the fact that most peoples' lives peoples' lives were not guaranteed due to the Black Death threat. The Black Death is one of the most important events in Western history and is the most famous pandemic in all of human history. The Black Death was the common name for what is now known today to be three different diseases. The inflation reduced the purchasing power (real wage) of the wage laborer so significantly that, even with higher cash wages, his earnings either bought him no more or often substantially less than before the magna pestilencia (David, 2010). Before the Black Death disease, the poor laborers were not treated well by their masters. These changes were both positive and negative and contributed to conditions favorable to the decline of feudalism, the end of the Middle Ages and the emergence of the Renaissance. The plague also had large-scale economic and social effects. All the Europeans those who were depressed by hearing this shock news, healthy workers also failed to attend to their daily routine jobs under such circumstances. Since the Second World War, we have experienced an unprecedented period of economic growth, and so it was for Medieval Europe on the eve of the Black Death. Most serfs' were seeking liberation from tiling their masters' lands. Financial business was disrupted as debtors died and their creditors found themselves without recourse. This reduction in population caused changes in the social and economic sectors of Europe (insecta-inspecta.com). The French Jacquerie of 1358, the English Peasant's Rebellion in 1381, the Catalonian Rebellion in 1395, and many revolts in Germany, all serve to show how seriously the mortality had disrupted economic and social relations. It arrived near the close of an ebullient high Middle Ages (c. 1000 to c. 1300) in which urban life reemerged, long-distance commerce revived, business and manufacturing innovated, manorial agriculture matured, and population burgeoned, doubling or tripling.

This was one-third or more of Europe’s population.1 The plague began in Asia and spread to Europe on trading ships. Include FREE Plagiarism Report (on demand)Black Death also known as black plague was one of the most deadly pandemics in human history, affecting a very big part of the continent of Europe between 1347 and 1350. Black Death in Europe. The emotional shock was caused by the overwhelming death toll that devastated general work schedules and disrupted the patterns of economic life of Europeans. Some of the people who died were skilled working class people. Some of the effects of the Black Death include abrupt inflation, peasant revolts that resulted in the empowerment of the poor and a fragmentation of the Church. From AD 1000, Europe… The commercial classes passed laws regulating who could join their industries.