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Asubsistence crisis affects individuals or communities unable to obtain basic necessities due to either man-made or natural factors such asinflation,drought orwar.[1] Severe subsistence crises are consideredfamines. WhileJohn Meuvret first coined the term inFrance in 1946, economic historianPierre Goubert popularized the concept during the 1960s with his study ofeconomic inequality and mortality inBeauvais 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.
| 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 |
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