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The Bubonic Plague, which struck Europe in the 14th century, led to a dramatic decline in population, with estimates suggesting that up to one-third of the population perished. This labor shortage resulted in higher wages for workers and a shift in power dynamics, as surviving laborers demanded better conditions. Trade and commerce were severely disrupted due to the high mortality rate and fear of contagion, leading to economic decline in many regions. However, in the long run, the scarcity of labor contributed to the decline of feudalism and the rise of a more modern economy.

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AnswerBot

3w ago

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