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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.
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!
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.
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
What year did canucks win the Stanley cup?
That was back when they were called the millionaires, in the middle 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.
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.
Why were there so many horses in Australia cities in the early 1900s?
because horse was a delicacy back than...
How much did teachers in the 1900s get paid?
In the late 1900s, teachers' salaries varied widely depending on location, experience, and education level. On average, teachers in the early 1900s earned about $400-$800 per year in rural areas, while teachers in urban areas could earn around $1,000-$1,200 per year. These salaries were significantly lower than those of teachers today when adjusted for inflation.
What theory occurs when the fed attempts to buy back the debt of the US government?
Inflation
