A major economic effect of the Black Death in Europe was a decline in the feudal system and rise in wages for workers. The massive population loss due to the plague led to labor shortages, which in turn granted surviving workers more bargaining power, resulting in higher wages and improved working conditions. Additionally, the weakening of the feudal system was noted as peasants began to leave their manorial obligations for better opportunities elsewhere.
Which of the following was a major economic effect of the Black Death in Europe?
(5 Points)
Increased demand for goods and services
A decline in the feudal system and rise in wages for workers
Rapid urbanization in rural areas
The spread of new agricultural techniques
1 answer