Impacts the Black Death had on Europe's economy:
The Black Death had a wide range of negative repercussions. Trade suffered for a while, and conflicts were put on hold for a while. Many workers perished, which caused emotional pain and financial hardship for families; it also had an impact on landowners who employed workers as tenant farmers.
Trade decline and an increase in labor costs as a result of a labor shortage are the economic effects of the Black Death. Food costs decreased as the population shrank and the demand for it decreased. While paying more for labor, landlords saw a reduction in their rental income. Peasants were therefore liberated from serfdom.
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