EDWARD III


Popular Quotes

The Black Plague, which raged in Europe from 1347 to 1349, had left relatively few able bodied people alive. Given this shortage of labor there was a rapid inflation, especially to the distress of the landed class who had to pay much more for their food. The king therefore established what amounted to price controls, wage controls and forces labor. See {611125} and {611126}


This is one of the favorite quotations of students of labor relations. The Black Plague, which raged in Europe from 1347 to 1349, had left relatively few able bodied people alive. Given this shortage of labor, the price that workers could command rapidly increased. The wealthy were outraged that the law of supply and demand and the marketplace produced such a labor inflations and the king then passed this draconian decree that in effect was one of the early attempts at wage control. It went further in that the workers were required to work for the official wages and had no choice of not working at all. In effect, labor was drafted. See {611124} and {611126}


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Edward III
Edward III
  • Born: November 13, 1312
  • Died: June 21, 1377
  • Nationality:
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Edward III, also known as Edward of Windsor before his accession, was King of England and Lord of Ireland from January 1327 until his death in 1377. He is noted for his military success and for restoring royal authority after the disastrous and unorthodox reign of his father, Edward II. Edward III transformed the Kingdom of England into one of the most formidable military powers in Europe. His fifty-year reign was the second-longest in medieval English history, and saw vital developments in legislation and government, in particular the evolution of the English Parliament, as well as the ravages of the Black Death. He outlived his eldest son, Edward the Black Prince, and the throne passed to his grandson, Richard II.