How did the Black Death affect the economy of Europe?

The disease had a terrible impact. Generally speaking, a quarter of the population was wiped out, but in local settlements often half of the population was exterminated. The direct impacts on economy and society were basically a reduction in production and in consumption.

Explanation:

The plague had an important effect on the relationship between the lords who owned much of the land in Europe and the peasants who worked for the lords. As people died, it became harder and harder to find people to plow fields, harvest crops, and produce other goods and services. Peasants began to demand higher wages.

Explanation:

answer; one person; monarch;