Final answer:
True, historical records indicate that extreme weather, including wet summers, severe winters, and droughts, has led to economic crises by causing famines and weakening economies due to failed agriculture and widespread starvation.
Step-by-step explanation:
True, severe weather conditions contributed to economic crises in various historical periods. Over the centuries, extreme weather such as wet summers, severe winter conditions, and drought have had significant impacts on agricultural production, leading to famines, widespread starvation, and economic instability. In Europe, rainy summers around 1315-1322 led to crop failures and subsequent famines. Livestock diseases compounded these problems, further straining resources. Similarly, droughts in 1050 BCE weakened the economies of the New Kingdom of Egypt and the Hittite Empire. The Little Ice Age in the early seventeenth century caused low temperatures and droughts in parts of China, resulting in famine and economic hardship. These historical examples underscore how environmental factors can gravely affect economic stability and development.