Medieval Economy: The Great Depression of the 14th Century

The economic decline was marked by a severe drop in population. By Dr. Murray N. RothbardHistorian and Economist Most people — historians not excepted — are tempted to think of economic and cultural progress as being continuous: in every century people are better off than in the one preceding. This comforting assumption had to be[…]

The Black Death’s Economic Impact and Contribution to the Renaissance

The Black Death struck in 1348, 1362, 1368, 1381, and continued even into the 18th century. 1348 The Black Death arrived on European shores in 1348. By 1350, the year it retreated, it had felled a quarter to half of the region’s population. In 1362, 1368, and 1381, it struck again—as it would periodically well[…]

Plagues of the Past

Many diseases have affected the outcomes of battles or the political leanings of a country, but few have had consequences on society that continue to be felt in the present age. The plague is one such disease and its most famous pandemic – the Black Death – has changed the history, culture, and science of[…]