Economic Impacts of the Black Death

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What was a major economic impact of the Black Death in Europe?
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The Black Death led to a severe labor shortage, which resulted in increased wages for workers.
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How did the Black Death affect agricultural practices?
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Many fields and farms were abandoned, leading to a decline in agricultural production.
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What effect did the Black Death have on the prices of goods?
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Prices for goods initially fell due to decreased demand but rose later due to scarcity of products.
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How did the Black Death influence the feudal system?
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The labor shortage weakened the feudal system as serfs demanded better conditions and pay.
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What was one long-term economic change after the Black Death?
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Urbanization increased as many people moved to cities in search of better opportunities.
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