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The Plague, what was the economic impact - Admission/Application Essay Example

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As a result, when it erupted people used different strategies to avoid being infected by this disease. Some people vacated the cities, killed the infected persons or even…
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The Plague, what was the economic impact
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The Plague, what was the economic impact

Download file to see previous pages... This was mainly led by the rise of laborers wage, increase in agricultural prices as the number of farmers decreased tremendously, and lowering of renting rates, which reduced government revenues. The government had a rough time in trying to balance the little revenue that it obtained to satisfy the interest of the population. This situation was even aggravated further as some citizens migrated to other areas in search for better living conditions (Aberth, 2011, p.60).
Plague reduced economic growth of the countries and empires. People who were infected with this disease needed special care. As a result, family members have to stop offering their labor and look after their kin members. As a result labor, force was reduced. This had an impact on government operations as the government was unable to provide the necessary services to its population.
Plague caused inflation. Affected populations were unable to work as their bodies became weak to undertake any chore. As a result, the overall local production of the people reduced, and government has to supply them with basic necessities. This resulted to deficit as the burden to support its population increased than the benefits it accrued from the citizens.
Plague infestation in different areas especially in Europe caused the collapse of trade. This was caused by low production as main attention was taken to taking care of the sick people. Death of large population people especially the energetic population caused trade imbalance as the imports outdone the exports. This led to collapse of different economies in central Asia (Smith 2006, P. 21).
Plague reduced government and empires attention towards economic growth as they were keenly looking for a lasting solution to the problem. This caused economic staggering as major economic activities such as infrastructural development came to a standstill. Various governments put ...Download file to see next pagesRead More
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