Based on the reconstructed precipitation series in North China from historical documents, the 1876-1878 drought was identified as the most severe and extreme one in North China over the past 300 years. Meanwhile, the spatial patterns of seasonal and annual precipitation during 1876-1877 were analyzed and the social and economic impacts related with this drought event were evaluated according to the descriptions in the historical documents. The results indicated that this long-lasting drought started by the spring of 1876 and did not stop until the spring of 1878. Within the three years, the harvest failures brought the rice price increased to 5-10 times than that in the normal year, and the total population in the five provinces over North China decreased by more than 20 million due to a large number of dead people and migrations. In addition, related investigations suggested that the 1876-1878 drought was prevalent worldwide, which has possible link with abnormal high SST in the equatorial central and eastern Pacific, strong El Nio episode and positive AAO anomalies.