Consider the terrible outbreak of plague in the 14th century known as the Black Death. Europe suffered disproportionately, losing perhaps 50 per cent of its total population. One result of this, however, was that the living standards and wages of many of those who survived seem to have improved. This, it has been suggested, led in time to a marked increase in Europeans’ food consumption and demand for consumer goods. And this rise in demand may well in turn have contributed to the increasing number of European trading voyages across the world’s oceans in the 15th, 16th and 17th centuries.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Consider the terrible outbreak of plague in the 14th century known as the Black Death. Europe suffered disproportionately, losing perhaps 50 per cent of its total population. One result of this, however, was that the living standards and wages of many of those who survived seem to have improved. This, it has been suggested, led in time to a marked increase in Europeans’ food consumption and demand for consumer goods. And this rise in demand may well in turn have contributed to the increasing number of European trading voyages across the world’s oceans in the 15th, 16th and 17th centuries." in the context of "" to mean that wisdom is timeless.