r/AskHistorians - Reddit
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r/AskHistorians - Reddit
Economic expansion ground to a halt amid the demographic catastrophe of the mid fourteenth century, when the Eurasian pandemic called the Black Death carried off perhaps 40 per cent of the population. The fifteenth century saw a slow recovery.
Pre-industrial China had reached a ‘high-level equilibrium’, a plateau of economic success. Its misfortune was that there was no incentive to climb any higher: the high-level equilibrium had become a trap.
By the fourteenth century, Europe had reached broad economic and technological parity with China and the Islamic Near East. Between AD 1000 and c.1350 there was a long phase of economic growth. The population increased. Waste lands were colonized. Technical improvements like the mould-board plough (which opened up heavier lands) and the watermill i
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