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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)
What else can I help you with?
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.
What Mexican Revolutionary of the early 1900s raided the southern United States but escaped back to Mexico unharmed?
Pancho Villa.
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.
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!
What was in the early 1900s?
in late 1800s and early 1900s the industrial revolution took place
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.
How old is country music?
Country music is definitally old, it dates back before the 1900s
What was the most popular sport in the whole world back in the early 1900s for children?
football(soccer)
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 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.
