Subsistence crisis

A subsistence crisis affects individuals or communities unable to obtain basic necessities due to either man-made or natural factors such as inflation, drought or war.[1] Severe subsistence crises are considered famines. While John Meuvret first coined the term in France in 1946, economic historian Pierre Goubert popularized the concept during the 1960s with his study of economic inequality and mortality in Beauvais 1709–10.[2]

Historical Subsistence Crises
Date Name Location Causes
1709–10[2] France
1788–89 France • Crop failure

• Grain shortage

1921-23 Hyperinflation in the Weimar Republic Germany • Post-war debt

• Creation of money to offset debt • Rapid inflation

1816 The Year Without a Summer Northern Hemisphere • Decreased global temperatures from severe climate abnormalities brought on by volcanic eruptions.
1845-49[1] The Great Irish Potato Famine Ireland • Over-reliance of the Irish population on the potato crop.

• A disease called blight being accidentally transported on ships from America[3]

2016-present Hyperinflation in Venezuela Venezuela • Oil-based, non-diversified economy

• Sudden drop in price of oil in 2016 • Continued ame spending practices as before decrease in oil prices • Creation of money to offset debt • Hyperinflation

See also

References
  1. "The European subsistence crisis of 1845–1850: a comparative perspective", http://www.helsinki.fi/iehc2006/papers3/Vanhaute.pdf, 20 June 2012
  2. Walter, John; Schofield, Roger; Appleby, Andrew B. (26 April 1991). Famine, Disease and the Social Order in Early Modern Society. Cambridge University Press. ISBN 978-0-521-40613-0.
  3. Charts, History in (19 March 2021). "The Causes and Effects of the Irish Potato Famine". History in Charts. Retrieved 10 September 2023.
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