Black Death, Wages, and Malthusian Model:
During the Black Death, the reduction in the farming workforce led to increased agricultural productivity, as per the principle of diminishing average labor product. Landowners and farmers who paid fixed rent to landlords experienced improved conditions. Urban employers also had to raise wages to attract workers from rural areas.
Figure 2.19 demonstrates the causal relationships between the Malthusian model's key aspects and the influence of political developments in response to, and as drivers of, economic changes. Despite King Edward's attempts to control wage growth through legislation in 1349 and 1351, the decreased labor supply ultimately overpowered political efforts, resulting in continued wage increases and empowering peasants to demand greater freedoms and reduced taxes during the Peasants' Revolt of 1381.
As the population rebounded in the 16th century, the labor supply expanded, causing wages to drop. This evidence aligns with the Malthusian model's explanation of England's history during that period.
0
1
Tags
Economics
Social Science
Empirical Science
Science
Economy
CORE Econ
The Economy 1.0 @ CORE Econ
Ch.2 Technology, Population, and Growth - The Economy 1.0 @ CORE Econ
Related
Black Death, Wages, and Malthusian Model:
An economic historian presents the following data for England: The population in 1348 was approximately 4 million. Following a major pandemic between 1348 and 1350, an estimated 1.5 million people died. Based on this information, what is the most accurate analysis of the immediate demographic consequence of this event?
Calculating Demographic Shock
Consider the following demographic estimates for England: In 1280, the population was just under five million. By 1348, it had decreased to approximately 4 million. Between 1348 and 1350, a pandemic killed an estimated 1.5 million people. Based on this information, evaluate the following statement: The catastrophic population loss during the 1348-1350 pandemic was an event that occurred within a broader period of pre-existing population decline.
Analyzing a Historical Demographic Shock
In 1348, England's population was approximately 4 million. Over the next two years, a pandemic caused the deaths of an estimated 1.5 million people. Based on these figures, what was the approximate remaining population in 1350 as a percentage of the 1348 population?
In 1348, the population of England was approximately 4 million. A pandemic that began that year resulted in the deaths of an estimated 1.5 million people by 1350. Which statement best analyzes the scale of this demographic event?
Analyzing the Labor Impact of a Demographic Shock
An economic historian provides the following population estimates for England:
- 1280: Just under 5 million
- 1348: Approximately 4 million
- 1350: Approximately 2.5 million (after an estimated 1.5 million deaths from the 1348 population)
Which of the following statements provides the most accurate analysis of these demographic shifts?
Analyzing Historical Demographic Shifts in England
Arrange the following statements describing England's demographic changes between the late 13th and mid-14th centuries into the correct chronological order.
Economic Benefits for Survivors of the Black Death