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Inflation
Essay specific features
Written by:
Tracy S
Date added:
June 14, 2016
Level:
University
Grade:
A
No of pages / words:
4 / 863
Was viewed:
8370 times
Rating of current essay:
Essay content:
During inflation, however, all prices tend to rise. Over the last 400 years there have been many periods of inflation. In the 16th century, when the Spaniards began bringing back gold and silver from the New World, prices in Western Europe moved upward as the supply of money increased. During the 19th century prices tended to go downward as food and raw materials became cheaper...
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During the 19th century prices tended to go downward as food and raw materials became cheaper. After major wars such as the Napoleonic Wars and World Wars I and II, prices again moved upward. In the 1950s and '60s a so-called creeping inflation occurred, when the general price level in the United States and Western Europe rose by an average of 1 to 5 percent each year...
displayed 300 characters
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