Search results
Results from the WOW.Com Content Network
The Great Depression in a monetary view. In their 1963 book A Monetary History of the United States, 1867–1960, Milton Friedman and Anna Schwartz laid out their case for a different explanation of the Great Depression. Essentially, the Great Depression, in their view, was caused by the fall of the money supply.
Deflation is not a problem across the board in the United States, which, like many countries, is experiencing inflation. In China, however, prices across all goods and services were 0.2% lower in ...
In economics, deflation is a decrease in the general price level of goods and services. [1] Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but deflation increases it. This allows more goods and services to be bought than before with the same amount of currency.
The Great Depression has been the subject of much writing, as authors have sought to evaluate an era that caused both financial and emotional trauma. Perhaps the most noteworthy and famous novel written on the subject is The Grapes of Wrath , published in 1939 and written by John Steinbeck , who was awarded the Pulitzer Prize for the work, and ...
Deflation, on the other hand, lowers the cost of everything, including the assets of people and businesses. The more assets lose value, the more expensive debt becomes, so people and businesses ...
Currency war, also known as competitive devaluations, is a condition in international affairs where countries seek to gain a trade advantage over other countries by causing the exchange rate of their currency to fall in relation to other currencies. As the exchange rate of a country's currency falls, exports become more competitive in other ...
For premium support please call: 800-290-4726 more ways to reach us
The bibliography of Kurt Vonnegut (1922–2007) includes essays, books and fiction, as well as film and television adaptations of works written by the Indianapolis-born author. Vonnegut began his literary career with science fiction short stories and novels, but abandoned the genre to focus on political writings and painting in his later life.