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.
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] A Subsistence crisis is a extreme situation where basic needs of livelihood are endangered.
Subsistence crises affect individuals or communities unable to obtain basic necessities due to either man-made or natural factors such as inflation, drought or war.
• Grain shortage • Creation of money to offset debt • Rapid inflation • A disease called blight being accidentally transported on ships from America[3] • 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