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Titlebook: Inflation Decade, 1910—1920; Americans Confront t David I. Macleod Book 2024 The Editor(s) (if applicable) and The Author(s), under exclusi

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书目名称Inflation Decade, 1910—1920
副标题Americans Confront t
编辑David I. Macleod
视频videohttp://file.papertrans.cn/465/464738/464738.mp4
概述Offers a comprehensive analytical history of inflation in America.Explores economic history and Americans‘ attitude toward finances.Provides deep insight into the waves of US inflation, deflation, and
图书封面Titlebook: Inflation Decade, 1910—1920; Americans Confront t David I. Macleod Book 2024 The Editor(s) (if applicable) and The Author(s), under exclusi
描述This book shows how inflation can disrupt politics and society. With no recent precedent, mild inflation spurred mass protests, myriad remedial schemes, and partisan political reversals between 1910 and 1914. Then wartime demand and inflationary fiscal policy doubled consumer prices from 1915 to 1920, triggering waves of strikes, food riots by immigrant housewives, class conflict, and elite fears of revolution. Middle-class households resented falling real incomes. Even more than today, food prices dominated consumer concerns. Yet farmers wanted high commodity prices. Accordingly, both sides blamed and attacked meatpackers, wholesalers, and retailers. Then as now, inflation hurt whichever party held the White House. Fumbling responses by Wilson’s administration and the Federal Reserve led to hesitant price controls, punitive raids and prosecutions, and a now-familiar fallback—high interest rates in 1920 and subsequent recession. An epilogue traces continuing popular and politicalresponses to changes in the consumer price index down to 2020. .
出版日期Book 2024
关键词deflation; civil war; Stagflation; Federal Reserve; League of Nations
版次1
doihttps://doi.org/10.1007/978-3-031-55393-6
isbn_softcover978-3-031-55395-0
isbn_ebook978-3-031-55393-6
copyrightThe Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl
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One Commodity at a Time: Wartime Attempts to Restrain Prices and Profiteering,ress sermonized: “The law of supply and demand, I am sorry to say, has been replaced by the law of unrestrained selfishness. While we have eliminated profiteering in several branches of industry it still runs impudently rampant in others.”
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Getting By: Earners Confront Changing Real Incomes,stic product dipped slightly in 1917 and peaked in 1918 just 3.7 percent above 1916. This modest growth and more was consumed by war costs—approximately 11.5 percent of total GDP in 1917 and 23.9 percent in 1918.
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,Postwar: Brief Respite and Resurgent High Cost of Living, 1919–1920,elative income losses continued through 1919 and into 1920. Many farmers had enhanced real incomes, but their spokesmen charged that still larger gains had been forfeited to government measures or the exactions of food processors and middlemen.
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,Confronting High Prices: Pursuing Profiteering and Systemic Causes, 1919–1920,nstead on profiteering that boosted the prices of individual products and thus the cost of living rather than on inflation as an economy-wide phenomenon. Besides, even commentators who condemned monetary inflation feared that deflation would cause economic distress.
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Introduction,ered on food, became a political issue and fostered a plethora of diagnoses and remedies. Meanwhile, farmers’ spokesmen celebrated higher commodity prices and decried city dwellers’ desire for cheaper food. Then World War I brought severe inflation by 1916 that lasted into the autumn of 1920. Consumer prices eventually more than doubled.
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,Prices Begin a Slow Rise, 1897–1909, 1909 wholesale prices surged 47 percent. Consumer prices rose 13 percent from 1897 through 1907, dipped to a mere 9 percent increase by 1909, and then jumped to 14 percent above 1897 in 1910. Reflecting the slower growth of consumer prices, public concern about rising prices in the US was real but sporadic until 1910.
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