Significance Of Bubonic Plague
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The plague held tremendous significance over wages, labor demand, and land
values. The traditional view that the plague had a terrible effect on the
economy has been greatly changed. Evidence from England states that the agrarian
economy showed remarkable resilience. While the severity of the disease varied
from region to region, it appears that most landlords enjoyed revenues near
those of pre-plague years. By the early fifteenth century, seigneurial
prosperity reached a medieval peak. Increased demand for labor meant greater
mobility among peasant and working classes. Wages rose, providing better income.
Population losses caused the bubonic plague led to increased productivity by
restoring a more efficient balance between labor, land, and capital.
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