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David Besozzi: Distribution of Wealth
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Organization: Burnt Hills-Ballston Lake High School
Speaker: David Besozzi
Speaker: David Besozzi
An alternative theory is that by 1250, the population peaked and competition for resources meant that there was a great imbalance between property owners and workers. The money supply was fixed (being commodity money), so it could not expand with increased economic activity. Rents went up, and wages sank. The unequal distribution of wealth increased between rich property owners and poor tenant farmers. The conditions of the poor became so bad that they achieved net zero population growth. The economic conditions of the poor also aggravated the calamities of the plague because they had no recourse, such as fleeing to a villa in the country in the manner of the nobles in the Decameron. The poor lived in crowded conditions and could not isolate the sick, and had weaker immunities from a lacking diet and difficult subsistence lifestyle as well as sanitation.
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