Serfdom was the practice of indentured servitude (essentially, slavery) that many of the peasants in England faced as a daily reality of their lives under the oppressive Feudal system. Peasants were usually unable to leave the land they were born on without permission from their local lord, and they would rarely make enough money to do so anyway. The massive fatalities caused by the Black Death made the system unsustainable long-term, as a great majority of the peasant population had died off in the plague.
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