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Q: What was the effect of inflation on industry and its workers in World War 1?
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Lowest inflation rate in world?

The lowest inflation rate in the world is 0% in Japan. There are countries in which there is a negative inflation, but these cases are not called low inflation, they are called deflation. the highest deflation rate is 3% in Nauru (you may as well call it a -3% inflation)


How do you compare inflation rate in India with world inflation rate?

Honestly, you can not compare inflation rate of world with India's. Each country have their own currency and policies hence different rate of inflation. You could find various different inflation rations for different commodities and then compare them with India's overall inflation rates.


What is the effect of international trade on American industries?

Increased trade abroad made American industry more dependent on the rest of the world, and meant that American jobs were more dependent on world events.


Which best explains the effect of international trade on American industries?

Increased trade abroad made American industry more dependent on the rest of the world. (Apex)


Impact of inflation on insurance industry?

Inflation is rise in price of commodities in the economy. Inflation takes away the spending capacity from a consumer in an economy. As such premium must be paid during the initial period. However when people are facing a hard time fulfilling their basic needs such as rations how can we expect people to pay premium? Premium is paid to insure themselves from risk. But context here is different. People will be facing tough situation and encountering sky-rocketting price meaning spending power of consumer will decrease. So there will be decrease in number of insured around the world if the inflation hit hard.

Related questions

What does metrology effect shipings industry?

Meteorology has a large impact on the shipping industry. The weather can effect shipping patterns across the world.


Did the shipbuilding industry have a good effect on the economy of Seattle during the end of world war 2?

The shipbuilding did have a good effect on the economy of Seattle and other the other places building ships, submarines, and boats, especially the Higgins boats. The entire country benefit economically from the war industry. It improved the lives of the workers too.


How did world war 2 effect the car industry?

It put it on hold for the duration.


What industry is the Amoco company associated with?

The Amoco company is usually associated with the oil industry. Amoco is a large oil company, with workers all over the world. They are one of the leading oil companies in the world.


Lowest inflation rate in world?

The lowest inflation rate in the world is 0% in Japan. There are countries in which there is a negative inflation, but these cases are not called low inflation, they are called deflation. the highest deflation rate is 3% in Nauru (you may as well call it a -3% inflation)


How do you compare inflation rate in India with world inflation rate?

Honestly, you can not compare inflation rate of world with India's. Each country have their own currency and policies hence different rate of inflation. You could find various different inflation rations for different commodities and then compare them with India's overall inflation rates.


How did the war affect the migration of the workers in the US?

During World War I and II, especially Mexican workers immigrated to the US. They performed well not only in the agricultural field but also in the industry and service area.


What has the author Luke Veldt written?

Luke Fawcett has written: 'The availability of labour in building' -- subject(s): Construction workers, World War, 1939-1945 'Building workers and the work of the building industry' -- subject(s): Construction workers, Construction industry 'A message from the president' -- subject(s): Construction workers, World War, 1939-1945, Labor unions 'Achievement' -- subject(s): Amalgamated Union of Building Trade Workers, Construction workers, Labor unions 'Building workers - forward!' -- subject(s): Construction industry, Construction workers


How did the enterainment industry contribute to the U.S. war effect during world war 2?

By forming the USO to entertain troops


How did World War 2 impact the mobile homes industry?

The onset of World War II provided an unexpected boost for mobile home manufacturers, infusing the industry with production orders for military personnel shelters (essentially miniature barracks on wheels) and mobile housing for defense workers.


What problem faced industry following World War 2?

The first problem was losing thousands of male workers to the military. The women took over these jobs and did it magnificently.


How did inflation effect World War 2?

It made it so that countries with strong currencies (e.g. USA) had large advantages of countries with hyper-inflation and week currencies (notably Germany). This made it so that there were more resources available for the Americans, helping us win WWII. Hope I helped.