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2 - European Economies on the Eve of Globalization

from Part I

Published online by Cambridge University Press:  19 September 2019

Robert S. DuPlessis
Affiliation:
Swarthmore College, Pennsylvania
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Summary

The mid-fifteenth century provides a good vantage point from which to locate the salient characteristics of Europe’s economies after a long period of adversity. For nearly two centuries, Europe had suffered repeated harvest failures, famines, and epidemics (including, in 1347–1353, the notorious Black Death); abandoned fields and deserted villages; diminished manufacturing and mining output; disrupted domestic and international trade; destructive wars and rebellions. Conditions had not been uniformly difficult. Epidemic disease spared some areas; elsewhere, post-plague labor shortages boosted many workers’ wages; peasants were able to add vacant land to their holdings; new crops, crafts, and commercial areas developed.

Type
Chapter
Information
Transitions to Capitalism in Early Modern Europe
Economies in the Era of Early Globalization, c. 1450 – c. 1820
, pp. 13 - 50
Publisher: Cambridge University Press
Print publication year: 2019

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