How Did The Black Death Affect The Economy

The “Black Death” affected these points in several major ways. It caused mass inflation because of how difficult it was to produce and trade their goods. The danger being caused by the “Black Death” froze almost all markets entirely. This leads to major inflation. During this time it also happened that serfs were no longer bound to just one lord, so if they left their land they would be almost instantly hired by another lord. The “Black Death’s” effect on the economy. The inflation began almost instantly as soon as everyone knew about the disease as fear took over. Because of the fear this caused, society became hesitant to continue trading their goods. The markets that had thrived for food for so long halted as nobody truly knew what was happening.