rise in prices is called as inflation it happens in all developing countries as supply of momey is higher than the the production of goods and services . depression means the employment opp is less less intrest rate is less no demand in the market no production low income it is a situation of stagnent
In the Great Depression prices fell. (In Britain, for example, between late 1929 and mid 1932 prices fell by about 33%). That was one of the big problems at the time, as it encouraged people to postpone non-essential purchases and investment, which in turn led to further falls in prices.
Inflation is inherent in every economy. Maybe you're thinking of hyperinflation that happend in Europe during the great depression when money became cheaper to burn than fire wood.
Pricing Power InflationPricing power inflation is more often called administered price inflation. This type of inflation occurs when the business houses and industries decide to increase the prices of their respective goods and services to increase their profit margins. Pricing power inflation does not occur at the time of financial crises and economic depression or when there is a downturn in the economy. This type of inflation is also called oligopolistic inflation because oligopolies have the power of pricing their goods and services at whatever levels they want.
he was dumb
Either with a lack of inflation the next term, or if allowed to build for several years a depression, and finally if you put an idiot in office who exponentially compounds the situation by wasting more money and not allowing the capitalist system to work it's course, a severe depression could last for several years or decades.
We were on the gold standard then. No fiat currencyhttp://inflationdata.com/inflation/images/charts/Annual_Inflation/inflation_Cumulative.htmI don't think there was much inflation after the depression. During the depression there was deflation. The economy recovered slowly so there was no spike in inflation.
Recession is a period of economic decline, depression is a severe and prolonged recession, and inflation is the increase in prices of goods and services over time.
The loss of trade with Britain coupled with inflation
The loss of trade with Britain coupled with inflation
Deep depression, ran away inflation, and some riots
economic policy
In October of 1929 with the crash of the stock market.
a lot of people will be out of jobs and the country could go into another depression.
In the Great Depression prices fell. (In Britain, for example, between late 1929 and mid 1932 prices fell by about 33%). That was one of the big problems at the time, as it encouraged people to postpone non-essential purchases and investment, which in turn led to further falls in prices.
Inflation is inherent in every economy. Maybe you're thinking of hyperinflation that happend in Europe during the great depression when money became cheaper to burn than fire wood.
It is generally believed to have started with the stock market crash of October 1929. It was caused chiefly by inflation.
Pricing Power InflationPricing power inflation is more often called administered price inflation. This type of inflation occurs when the business houses and industries decide to increase the prices of their respective goods and services to increase their profit margins. Pricing power inflation does not occur at the time of financial crises and economic depression or when there is a downturn in the economy. This type of inflation is also called oligopolistic inflation because oligopolies have the power of pricing their goods and services at whatever levels they want.