Economic Effects of the Black Death
The Black Death had many economic effects on Europe. One effect was the economy became extremely inflated. Many skilled workers and merchants died, so it was hard to find goods. Also, it was dangerous to trade and produce goods with the disease present. Both of these things caused the prices of goods to increase.
Another effect was that towns lost as much as half their population and as a result there were many jobs not filled and towns missing crucial jobs. However, this wasn't bad for everyone. Peasants were able to find jobs and start a better life since there were so many opportunities open with all the death. They were no longer tied to one master. If they were not happy they could leave and another land owner would instantly hire them. Wealthy landowners had to compete to get peasants to work for them, providing good working conditions and good payments for the workers.