What Happened to Europe's Economy After the Black Death
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 4 January 2021
⏱️ 48 minutes
🧾️ Download transcript
Summary
It's been pointed out that, after the Black Death in Europe, real wages surged because there was such a shortage of labor in the aftermath. But what was the structure of the economy that allowed this transfer of power to workers in the first place? On this episode, we speak with Patrick Wyman, historian and the host of the Tides of History podcast, to get the real story of Europe's post-pandemic economy during the 1300s.
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| 0:45.0 | I'm Tracy Hathaway. |
| 0:49.0 | The virus situation in the US |
| 0:52.0 | the virus situation in the US is extremely bad right now but I feel hopeful that this we're |
| 0:58.2 | on the last wave that thanks to the vaccine that the light there is some light at the end of the tunnel yeah so we're |
| 1:06.4 | recording this in mid-December and I think the US caseload keeps going up it keeps |
| 1:12.3 | going up in other places as well. So I think Europe, Germany just |
| 1:16.0 | reposted its highest caseload on record. In Hong Kong we have a fourth wave as well. |
| 1:22.8 | I guess with winter setting in in many parts of the world, |
| 1:26.2 | temperature obviously has an impact, |
| 1:27.8 | and we're seeing cases, and also, sadly, |
| 1:30.2 | deaths go up as well. Can I say something though, you might, here I have something to say, which is I read all these stories |
| 1:38.9 | about like Hong Kong is under a new wave or Hong Kong is under lockdown. |
| 1:44.2 | But I gotta say like it does not seem anything like the same scale here and |
| 1:49.3 | when I look at say your Instagram photos, not that you're out partying, but it does not seem as bad by any stretch, even close. |
| 1:56.0 | Like it seems like your definition of a wave is not our definition of a wave. |
| 2:00.0 | Yeah, our definition of a wave, and this is our biggest ever wave, it's about a hundred new cases per day. |
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