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shortage of goods, prices of beef and wheat doubled, the colonists face an inflation, and there was a falling value of colonial money
The limited supply of goods caused prices to rise. - APEX
Unemployment and recession are the most important problems. Everything becomes much more expensive. During World War 2 the Germans experienced inflation which just became higher inflation Even from one day to the next there could be a big rise in the cost of a loaf of bread. There were tales of people carrying money in suitcases just to buy necessities.
The Vietnam War had increased the federal deficit.
Think about what was going on in 1917 - World War I. That put tremendous strain on the U.S. economy because it was the first major international war in over a century, and there were very few institutions in place to deal with it. The demand for goods and services pushed prices up significantly.
The limited supply of goods caused prices to rise.
the limited supply of goods caused prices to rise.
the limited supply of goods caused prices to rise.
shortage of goods, prices of beef and wheat doubled, the colonists face an inflation, and there was a falling value of colonial money
inflation
profiteering
profiteering
As the shortage of goods grew worse Americans also faced inflation. Inflation is a rise in the price of all goods. Because of inflation, people needed more money to buy the same amounts of goods and services.
Disastrously. As the war went on, and the blockade became more effective, there were fewer and fewer goods to be had, and the prices rose steeply. Sherman's March to the Sea finally shattered the Southern economy, and the Confederate dollar was down to a few cents.
The limited supply of goods caused prices to rise. - APEX
a low supply of goods and widespread demand
Inflation