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What are reasons for US fixed the price of gold in 1940 s and disbanded in 1970 s?
Wiki User
∙ 14y ago
When money is backed by gold, it is not possible to expand the money supply. Expansionary monetary policy in modern economics is commonly used as a way to combat a recession. This is arguably one of several reasons often cited as to why the great depression was as bad as it was. With the gold standard, the Federal Reserve had no way to expand the money supply as they could only print as much money as there was gold.
On the other hand, a continually increasing money supply can create inflation that spirals out of control. The Federal Reserve tries very hard to balance increasing the money supply (preventing resessions) with measures to prevent inflationary pressures.
Wiki User
∙ 14y ago
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Price of a dozen eggs in 1940?
59.84 in dem dere old ages
What was the price of gas in 1948?
A gallon of gas cost 15 cents in 1944. It was only 35 cents in 1970 which means, adjusted for inflation, it was cheaper than in 1944. Also the price in 1944 was kept fixed by wartime price controls since the beginning of the war and very heavily rationed. If people needed to do any extensive traveling by car in 1944 they picked up as many hitchhikers as they could and if the hitchhikers had any gas ration coupons in their ration books the driver made use of them too.
What fact best explains why it is significant that Angelou's narrative is set in 1940?
answer is #2 In 1940, segragation of blacks and whites was still the norm.
How much would 5 dollars in 1940 be worth in2009?
Five Dollars USD in 1940 had the purchasing power of about $77.08 USD today.
What were the main industries in the 1940's?
cars
When was V.B. Price born?
V.B. Price was born in 1940.
What was the Price of movies in 1940?
2.94
What was the price of a home in 1940?
The average price of a new home in 1940 was 3,920.00 dollars. By 1949, the average price of a new home went up to 7,450.00 dollars.
Price of gas in the 1940's?
What was the price of gas during the 1940's?During the 1940 time period, the price of gas ranged to about 50cents. Their cars ran slow compared to modern-day-automobile-statistics(MDAS).
What was the price of a dozen eggs in 1940?
$0.50
When did Irving Price Wanger die?
Irving Price Wanger died in 1940.
What was the price of a movie ticket in the 1940s?
The average price of a movie ticket in 1940 was 24 cents.
What was the cost for a movie ticket in 1940?
The average price of a movie ticket in 1940 was 24 cents. The average price of a movie ticket in 1949 was 46 cents.
What is the cost of a movie ticket in 1944?
The average price of a movie ticket in 1940 was 24 cents.
What was the price of a postage stamp in 1940?
4 cents
What was is the price of a gallon of gasoline in 1940?
it was about 12 cents
What was the cost for a movie ticket in 1940 1949?
The average price of a movie ticket in 1940 was 24 cents. The average price of a movie ticket in 1949 was 46 cents.
