- In the 1700s, good harvests had helped population growth and prosperity.
- Bad harvests were a major event in 1788 as a result of a wet spring and freak hailstorms.
- This led to unemployment.
- Food price rises led to less demand for manufactured goods at a time when workers and farmers needed income.
- The percentage of a labourer’s daily wage to pay for bread increased from 50% to 88%.
- Textile industry output halved
- Tithe owners and landowners were blamed for hoarding grain and causing price rises.
- Food riots occurred
Thursday, August 18, 2011
Economy in Crisis