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A bank run on the Fourth National Bank No. 20 Nassau Street, New York City, from Frank Leslie's Illustrated Newspaper, 4 October 1873. The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain.
The Great Depression of 1929–32 broke out at a time when the United Kingdom was still far from having recovered from the effects of the First World War. Economist Lee Ohanian showed that economic output fell by 25% between 1918 and 1921 and did not recover until the end of the Great Depression, [3] arguing that the United Kingdom suffered a 20-year great depression beginning in 1918.
Inflation (at close to 25% in 1975, causing high bond yields and borrowing costs), a balance-of-payments deficit, a public-spending deficit, and the 1973 oil crisis were contributors. [ 1 ] The origins of the crisis have been attributed to the 1972 Conservative "spend for growth" budget initiating the inflation cycle.
The failure of Thatcher’s experiment with monetarism would probably have cost her the 1983 general election, had it not been for the military victory over Argentina in the Falklands war in 1982.
The People's Party, also known as the 'Populists', was an agrarian-populist political party in the United States. From 1892 to 1896, it played a major role as a left-wing force in American politics. It drew support from angry farmers in the West and South.
The inflation rate refers to how quickly prices are going up. May’s inflation rate of 2% means that if an item cost £100 a year ago, the same thing would now cost £102.
The Winter of Discontent was the period between late September 1978 and February 1979 in the United Kingdom characterised by widespread strikes by private, and later public, sector trade unions demanding pay rises greater than the limits Prime Minister James Callaghan and his Labour Party government had been imposing, against Trades Union Congress (TUC) opposition, to control inflation.
Primarily driven by supply chain bottlenecks, inflation is a threat to the health of the economy, but the rise in prices has been good for some.