WORLD HISTORY

Detailed explanation-1: -The Black Death brought about a decline in feudalism. The significant drop in population because of massive numbers of deaths caused a labor shortage that helped end serfdom. Towns and cities grew. The decline of the guild system and an expansion in manufacturing changed Europe’s economy and society.

Detailed explanation-2: -These huge death tolls sparked off a chain of events that would redefine the position of the peasant in England. Due to the fact that so many had died, there were far fewer people to work the land: peasants were therefore able to demand better conditions and higher wages from their landlords.

Detailed explanation-3: -In the aftermath of the plague, the richest 10% of the population lost their grip on between 15% and 20% of overall wealth. This decline in inequality was long-lasting, as the richest 10% did not reach again the pre-Black Death level of control on overall wealth before the second half of the seventeenth century.

Detailed explanation-4: -Economic Impact of the Plague There was increased social mobility, as depopulation further eroded the peasants’ already weakened obligations to remain on their traditional holdings. Feudalism never recovered. Land was plentiful, wages high, and serfdom had all but disappeared.