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What Happened to Europe's Economy After the Black Death
Odd Lots
The Pent Up Demand Theory and the Pandemic
There was an enormous burst of consumption after the Black Death. Part of it is pent up demand, but part of it is also lots of people died. The plague kind of buys Europe about 65 or 70 years before that becomes a problem again. If half the population's dead, you don't have nearly as much of a shortage.
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