Final answer:
The plague in Europe had economic consequences such as a labor shortage, decline in trade, and collapse of the feudal system.
Step-by-step explanation:
The Black Death, also known as the plague, had significant economic consequences in Europe during the 14th century. One major consequence was a shortage of labor due to the high mortality rate, which led to a reduction in agricultural production and increased wages for workers. The decreased population also resulted in a decline in trade and commerce, as well as a contraction of the economy.
Another consequence was the collapse of the feudal system. With the decimation of the labor force, peasants had more bargaining power and were able to demand better working conditions and higher wages. Some landlords had to abandon their land or rent it out to tenants, leading to the erosion of feudalism.
Furthermore, the plague had long-term effects on European society and economy. The reduced population resulted in a surplus of land and resources, leading to the expansion of agriculture and the growth of cities. This shift laid the foundation for the transition from feudalism to capitalism.
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