Economic Impacts of the Black Death

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What was a major economic impact of the Black Death in Europe?

The Black Death led to a severe labor shortage, which resulted in increased wages for workers.

How did the Black Death affect agricultural practices?

Many fields and farms were abandoned, leading to a decline in agricultural production.

What effect did the Black Death have on the prices of goods?

Prices for goods initially fell due to decreased demand but rose later due to scarcity of products.

How did the Black Death influence the feudal system?

The labor shortage weakened the feudal system as serfs demanded better conditions and pay.

What was one long-term economic change after the Black Death?

Urbanization increased as many people moved to cities in search of better opportunities.

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