In Florence, Italy, on of the biggest marketplaces in the country, many of the shops and factories were forced to shut down, which meant prices skyrocketed from shortages, leaving nearby cities and villages starving. To try and keep factories running, businessmen would offer larger wages and hire more of the lower class. This inevitably caused more inflation because suddenly the lower class had more spending money and sellers raised their prices accordingly. Hyperinflation was one of the biggest problems during the years the plague swept Europe, because it left some families to die from starvation, not disease. While the plague was an awful pandemic that took many lives, it did improve the lives and futures of the lower class, as their wages were permanently raised and the standard of living went up for all classes in the years after the
In Florence, Italy, on of the biggest marketplaces in the country, many of the shops and factories were forced to shut down, which meant prices skyrocketed from shortages, leaving nearby cities and villages starving. To try and keep factories running, businessmen would offer larger wages and hire more of the lower class. This inevitably caused more inflation because suddenly the lower class had more spending money and sellers raised their prices accordingly. Hyperinflation was one of the biggest problems during the years the plague swept Europe, because it left some families to die from starvation, not disease. While the plague was an awful pandemic that took many lives, it did improve the lives and futures of the lower class, as their wages were permanently raised and the standard of living went up for all classes in the years after the