The Black Death is the term with which we describe the Bubonic and Pneumonic Plague pandemic which depopulated Europe from 1347 till 1353. It was caused by Yersinia Pestis, imported from Asia, and propagated by rats. Europe lost about 30% of its population, with some locations losing 60-80% of people

Because of this massive depopulation, the economy collapsed. The post pandemic world was characterized as a period of labor shortage. As peasants ready to operate the fields were scarce, they started to demand higher wages form the lords. It is possible that the lords would have transferred the increased cost of labor to the consumer. Some places inflated the monetary supply in order to allow the lords to pay, generating a generalized increase in prices.

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