With a date of 1935 the coin is a PEACE dollar. This is the last year issue for all U.S. silver dollars. It was struck in Philadelphia (no mintmark) and San Francisco. Assuming it's circulated and has no 'S' mintmark, average values are from $30.00 to $55.00 depending on the actual grade of the coin.
Who calculates the inflation rate in US?
Inflation rate is calculated by Reserve Bank of India . For inflation rate , basic necessitygoods price is taken as base and on that bases inflation rate is calculated.
How much would 1000 1988 dollars be worth in 2010?
The GPI says it would cost $1568.14 in 2006 In 2005, $1,000.00 from 1990 is worth: *$1,494.26 using the Consumer Price Index *$1,381.79 using the GDP deflator *$1,591.39 using the unskilled wage *$1,810.08 using the nominal GDP per capita *$2,146.40 using the relative share of GDP
How did inflation help Hitler rise to power?
After the end of the First World War, political parties that came into being in Germany decided to reform German polity. This gave birth to the German Weimar Republic.
However, following the signing of the Treaty of Versailles, Germany was forced to pay reparation in the form of money. When the gold reserves in Germany were exhausted, Germany began to print the German Mark in huge numbers and this caused the Economic Depression of the 1930s.
It was amidst this confusion that Hitler marked his rise to power. The people held the Weimar Republic responsible for the Depression and broke their faith in the government.
Hitler's extensive propaganda to win the hearts of the people promised them a better future of economic prosperity. Demonstrations envisaged the ideals of unity and strength which won the confidence of the Germans.
How does the mixed economy solve the basic economic problem?
A mixed economy solves the basic economic problems in various ways. For instance the challenge of what to produce is resolved through price mechanisms.
What is the relationship between inflation and money supply?
Money itself, as it is used in today, is an idea only. When money isn't backed by something solid it is less valuable than previously and causes things to cost more because of the lack of solidity of the money as it is only an idea and everyone is trying to capture the idea and make it concrete. Perhaps also because if there is more money in circulation in theory people have more money to spend, therefore they can afford to spend more.
What is the current inflation rate in the Philippines?
The Sep 2009 CPI index for FBT (Food, Beverage, Tobacco) went from 152.4 from 151.4 in Aug '09 for NCR (Nat'l Capital Region). That's a .66 % increase in one month. An annual or 12 month period (if each month is .66%) rate would be 8.21%.
Does inflation have anything to do with making a dollar today?
If I understand your question correctly, when dealing with inflation, a dollar earned today is worth more than a dollar earned at any time in the future. This has to do with the concept of the present value of money. Because inflation devalues the dollar over time, a dollar earned today is worth more than say, a dollar earned five years from now.
What are some famous pollution quotes?
There's so much pollution in the air now that if it weren't for our lungs there'd be no place to put it all.Robert Orben, 03/14/1927 -
www.sagewisdomquotes.com
What is the solution for controlling inflation in Pakistan?
Solutions for inflation are,
A. Technological advancement as it will decrease the per unit cost in the country and will support the industries to meet the excess demand pull and cost push problems. That will reduce the inflation in Pakistan.
B. If it is demand pull inflation so Government should charge higher amount of taxes and facilitate more with the help of subsidies to firms by which they could meet up the problems of excessive demand and cost problem. That will also surely help us to solve the Inflation problem in Pakistan.
By: Ghamz-e-Ali
falconsial@yahoo.com
$10.00 in 1955 had the same buying power as $88.59 in 2016.
What best explains the cost-push inflation?
Increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs.
~Rising production costs~
How does inflation affect the balance of payments?
Inflation affects low income earners more than high income earners. This is because low income earners' income tends not to rise as quickly as prices, therefore, their purchasing power decreases. Also, low income earners do not have the skills to demand higher wages. It should be noted that high inflation generally leads to interest rate increases. This affects low income earners' cost of living and compounds the other affects of inflation. So, inflation decreases purchasing power of low income earners relative to high income earners, whose income increase as quick as inflation. Ultimately, income distribution becomes less equal.
Why can't banks just create money at will so that all people will have what they need?
If banks produce more money to suit everyone's needs, something called inflation occurs. Inflation will cause the purchasing power of money to decrease, that is, a loss of value of money. The money will be worth less to account for the extra money.
Who introduced inverse demand function in economics?
Suppose the state is trying to decide how many miles of a very scenic river it should preserve. There are 100 people in the community, each of whom has an identical inverse demand function given by P = 10-1.0q, where q is the number of miles preserved and P is the per mile price he or she is willing to pay for q miles of preserved river. If the marginal cost of preservation is $500 per mile, how many miles would be preserved in an efficient allocation?
How did inflation effect Rome?
Inflation:
Especially luxurious emperors like Commodus depleted the imperial coffers. By the time of his assassination, the Empire had almost no money left.
Money could be acquired by taxation or by finding new sources of wealth, like land, but the Empire had reached its furthest limits by the time of Trajan.
Nero and other emperors debased the currency in order to supply a demand for more coins. By debasing the currency is meant that instead of a coin having its own intrinsic value, it became representative of the silver or gold it had once contained. By the time of Claudius II Gothicus (268-270 A.D.) the amount of silver in a supposedly silver denarius was only .02%.
This led to or was severe inflation, depending on how you define inflation.
Land:
Rome's wealth was originally in land, but this gave way to wealth through taxation.
The Cato Institute says that emperors deliberately overtaxed the senatorial (or ruling) class in order to render it powerless. To do this, the emperors needed a powerful set of enforcers -- the imperial guard.
Once the wealthy and powerful were no longer either rich or powerful, the poor had to pay the bills of the state. These bills included the payment of the imperial guard and the military troops at the empire's borders.
"Feudalism":
Since the military and the imperial guard were absolutely essential, taxpayers had to be compelled to produce their pay. Workers had to be tied to their land.
To escape the burden of tax, some small landowners sold themselves into slavery, since slaves didn't have to pay tax and freedom from taxes was more desirable than personal liberty. Since the Empire wasn't making money from the slaves, the Emperor Valens (368) declared it illegal to sell oneself into slavery.
The small landowner had become a feudal serf.
How does inflation reduce buying power?
the price of things has risen while your salary did not, meaning you have lesser number of items you can buy with the money you have as compared to what you could have bought before inflation.
Quoted from Wikipedia.org
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of the functional currency buys fewer goods and services;
It could also be defined as a cosmological event at the very beginning of the universe during which the universe expanded faster than the speed of light in a fraction of a fraction of a second.
What factors affect the inflation rate of a country?
There is many factors but i will try to state some of them
1.The demand for an item is much more than the supply.
2.The economy and the rarity of geting the resources to sell
3.The ammount of money in the comunity For example items cost more in Cali than Arizona
4 The historical importance or age for example michael jackson stuff is more money now because of michaels death also antiques
There you go hope i helped
What would 1000 dollars in 1885 be worth in 1970?
$1000 in 1885 would be $4314.50 in 1970.
Also, if you were to buy exactly the same products in 1970 and 1885, they would cost you $1000 and $245.45respectively.
What is the definition of economic inflation?
Economic inflation or just inflation is the rate at which the general level of prices for goods and services is rising. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum.
Inflation or deflation will always occur in a economy but the role of the Fed is to make less severe.
What is the value of a 1882 Morgan dollar?
1881 is not a rare date for Morgan Dollars, unless it has a "CC" mintmark on the reverse
Please see the Related Question for more information.
More:The 1881 Silver Morgan Dollar was minted in 4 locations: Philadelphia, Carson City, New Orleans and San Francisco. Here are the values of these coins according to USA Coin Book:Philadelphia (no mint mark): In good condition, this coin is worth about $20 up to about $46 in MS60 mint condition. In MS65 brilliant uncirculated condition, this coin is worth $187. Proof coins were minted here as well, which are worth about $2,900 in PR63 proof condition.
Carson City (small "CC" mint mark): In good condition, this coin is worth about $335 up to about $630 in MS60 mint condition. In MS65 brilliant uncirculated condition, this coin is worth $1,100.
New Orleans (small "O" mint mark): In good condition, this coin is worth about $20 up to about $46 in MS60 mint condition. In MS65 brilliant uncirculated condition, this coin is worth $1,700.
San Francisco (small "S" mint mark): In good condition, this coin is worth about $20 up to about $40 in MS60 mint condition. In MS65 brilliant uncirculated condition, this coin is worth $180.
Economic term for an economy with rising inflation and unemployment?
This is called inflation or more precisely "price inflation".