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Crisis Of The 14th Century

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Nearly ten-thousand years ago the first recorded civilization emerged in the world. Between the Tigris and Euphrates rivers, (Mesopotamia) lived the ancient Sumerian peoples. Since then, time has seen the creation and decimation of thousands of countries and economies. In this time, common political structures consisted of a powerful top down ruling where either pharaohs, dictators, or kings held all or most of the power. After ten-thousand years of trial and error, the American capitalistic system of the last several hundred years has propelled civilizations across the world in an increasingly exponential positive direction. The prowess of capitalism, as opposed to other systems like socialism and communism, can be proved through philosophy, psychology and history.
The crisis of the 14th century seen the infantile implementation of capitalistic thought. The crisis brought social upheaval, plagues and natural disasters to areas across Europe. There had been a dramatic drop in population during this era, “In little over a century, from 1340 to 1450, however, the western European population fell from 54 million to 37 million, a 31 percent drop in only a century” (Mises). France had seen an incredible amount of rainfall in the year 1315 which led to wide spread crop failure. During this time there had been, “widespread famine, reports of cannibalism, and epidemics” (Uwbg). The 14th century also seen the disastrous effects of the black plague which speculatively claimed the

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