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)
When the government prints paper money without the gold to back it up, the result is inflation.
Pancho Villa.
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.
I believe there wasn't any plastic back then, so I assume it is a no. Sorry!
in late 1800s and early 1900s the industrial revolution took place
Because unemployement fell to its lowest level in decades, and inflation crept along at less than 3%
ping pong
Issac Newton back in the early 1900s
When a government prints paper money without anything to back it up, inflation results. The money becomes worthless.
Probably the people who exchange their currency to a different currency before an inflation, then exchange that foreign currency back, therefore making a profit.
That was back when they were called the millionaires, in the middle 1900s.
Country music is definitally old, it dates back before the 1900s
football(soccer)
No. In the 1900s they had cars. They had elephants, camels, donkeys, horses and carriages.
Inflation
The rise in prices is due to inflation.
nova net answer------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------->> He cut back on government spending and inflation.