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Inflation was the same thing back then as it is now. Inflation rates were and are different in different countries, so the amount of inflation in each country is always different, depending on the solidity of the local currency. In Britain the inflation rate in 1900 was 4.5%. In the USA it was 16.9% but then fell to -2.4 the next year. Inflation rates in the US changed greatly from year to year and were often double-digit (but sometimes that was double-digit deflation)
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What is the result when a government prints paper money without gold to back it up?
When the government prints paper money without the gold to back it up, the result is inflation.
Why would an expansionary gap lead to a change in inflation Why would a recessionary gap lead to a change in inflation?
Assuming that the aggregate demand curve does not move, the only way for the gap to be closed is by a shift in aggregate supply. These gaps cause a change in inflation expectations, moving the AS curve left (exp) or right (rec) back to long term equilibrium and changing the inflation rate.
What Mexican Revolutionary of the early 1900s raided the southern United States but escaped back to Mexico unharmed?
Pancho Villa.
Did immigrants during the 1900s carry plastic water containers?
I believe there wasn't any plastic back then, so I assume it is a no. Sorry!
If the US is so much in debt why can't we print more money and pay it off?
This would cause inflation the more money we put into circulation to cover debt the more inflated money would become. Inflation is where the value of our currency decreases more and more. For example, when people say "back in my day you could get a hot dog and coke for 5 cents" they aren't lying that's just what the value was back then, inflation causes the increase in cost.This was done in Germany after WWI were the Germans printed moneys to pay for the reparations debt with out the GDP to back there moneys ... Which lead to a depression and the rise of Hitler ...
What did the existence of low inflation and low unemployment in 1900s puzzle some economists?
Because unemployement fell to its lowest level in decades, and inflation crept along at less than 3%
What was tennis like back in the 1900s?
ping pong
Who ivented the first flushing toilet?
Issac Newton back in the early 1900s
When a government prints paper money without gold to back it upit results in what?
When a government prints paper money without anything to back it up, inflation results. The money becomes worthless.
Who benefit inflation?
Probably the people who exchange their currency to a different currency before an inflation, then exchange that foreign currency back, therefore making a profit.
What year did canucks win the Stanley cup?
That was back when they were called the millionaires, in the middle 1900s.
Did they have cars back in the old days?
No. In the 1900s they had cars. They had elephants, camels, donkeys, horses and carriages.
What was the most popular sport in the whole world back in the early 1900s for children?
football(soccer)
How old is country music?
Country music is definitally old, it dates back before the 1900s
What theory occurs when the fed attempts to buy back the debt of the US government?
Inflation
Why are food items so costly today then back then?
The rise in prices is due to inflation.
How did President Cardoso stabilize Brazil's economy in the 1990s?
nova net answer------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------->> He cut back on government spending and inflation.
