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The Black Death was also an economic crisis as trade ceased because of fear of the spread of plague. As trade stagnated, businesses failed, and unemployment rose. The plague caused a complete social breakdown in many areas. Boccaccio in the Decameron, describes people abandoning their occupations, ignoring the sick and living lives of wild excess, as everyone expected to die.
<blockquote>"Thus, doing exactly as they prescribed, they spent day and night moving from one tavern to the next, drinking without mode or measure, or doing the same thing in other people's homes, engaging only in those activities that gave them pleasure….. And they combined this bestial behavior with as complete an avoidance of the sick as they could manage."<ref> Boccaccio, Giovanni. ''[https://www.amazon.com/gp/product/0140449302/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0140449302&linkCode=as2&tag=dailyh0c-20&linkId=199bd9b0ec199319d106dc174065bb99 The Decameron].'' (Penguin Classics, Hammondsworth, 1987) trans Mark Musa, p. 6</ref></blockquote>
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====Socio-Economic Consequences====
The social consequences of the plague on society came to be profound. The high mortality rate resulted in a drastic decline in the labor force.<ref> Hay, Denys. ''[https://www.amazon.com/gp/product/0521291046/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0521291046&linkCode=as2&tag=dailyh0c-20&linkId=20ec38bb2892fda8011774d1b91c7f5b The Italian Renaissance in Its Historical Background]''. (Cambridge: Cambridge University Press,1997) p. 19</ref>. Wages rose for both agricultural and urban workers. The survivors of the Black Death generally had a higher standard of living than before the plague.<ref> Hays, 1997, p. 78 </ref> This was a phenomenon that occurred in both urban and rural areas. The crisis caused by the Black Death led to many changes in the economy, in response to the fall in the population. Because of the labor shortages, there was a move from labor-intensive farming such as cereal to livestock and increase both in industry and agriculture more labor-saving devices employed.<ref> Pullan, 1997, p 145 </ref> The impact of the Black Death was contrary on feudalism in Italy. Feudalism was a system whereby peasants and farm laborers bound, as serfs, to serve a local lord. In the north of Italy, good farmland was plentiful, and wages increased, and the last vestiges of feudalism disappeared as serfs increasingly could purchase their freedom.