The Black Death
dominated the economy of the 14th century. Hard rains in 1315 and 1316
caused famine and animal epidemics added to the problems. The Black
Death, possibly a combination of bubonic and pneumonic plagues, killed
from one-third to one-half of the population.

The rate of mortality
from the Black Death varied from place to place: some districts, like
Milan, Flanders, and Béarn, almost escaped, others, like Tuscany,
Aragon, Catalonia, and Languedoc, were very hard hit. Towns, where the
danger of contagion was greater, were more affected than the countryside;
and in the towns the monastic communities had the highest incidence
of victims. Even the great and powerful, who were more capable of protection
also died: among royalty, Eleanor, queen of Peter IV of Aragon, and
King Alfonso XI of Castile succumbed, and Joan, daughter of the English
king Edward III, died at Bordeaux on the way to her wedding with Alfonso's
son. Whole communities and families were sometimes annihilated.
The population
in England in 1400 was perhaps half what it had been 100 years earlier;
in that country alone, the Black Death certainly caused the depopulation
or total disappearance of about 1,000 villages. A rough estimate is
that 25 million people in Europe died from Plague during the Black Death.
The population of western Europe did not again reach its pre-1348 level
until the beginning of the 16th century.
Before the Plague
labour was cheap and plentiful. After the Black Death in many places
there was plenty of land and a shortage of peasants. This put the landlords
in a weak position. Wages rose rapidly and prices of agricultural products
fell for lack of demand.
Cities were hit
hard by the Plague. Financial business was interrupted as debtors died
and their creditors found themselves without recourse. Not only the
debtor died, his whole family had died with him. There was simply no
one to pay.
Construction projects
stopped for a time or were abandoned forever. Some cathedrals were never
finished. Guilds lost their craftsmen and could not replace them. Mills
and other special machinery broke and often the only man in town who
had the skill to repair it had died in the Plague.
Towns advertised
for specialists, offering high wages. The labour shortage was very important,
especially in the cities and towns, and consequently, salaries rose.
Because of the mortality, there was scarcity of manufactured goods,
and so prices went up.
Effects in the
countryside were also severe. Farms and entire villages were abandoned
and the few survivors decided not to stay. Whole families died, with
no heirs, their houses empty. When the countryside faced an immediate
shortage of labour the landlords reacted against their serfs. They tried
to get more forced labour from them, as there were fewer peasants.
When Norwegian
sailors finally visited Greenland again in the early 15th century, they
found in the settlements there was only wild cattle in the streets of
the deserted villages.
Peasants in many
areas began to demand fairer treatment or lighter burdens. Just as there
were guild revolts in the cities in the later 1300s, so we find rebellions
in the countryside. The Jacquerie in 1358 in France, the Peasants' Revolt
in England in 1381, the Catalonian Rebellion in 1395, and many revolts
in Germany, all serve to show how seriously the mortality caused by
the Black Death had changed economic and social relations.