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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David I. Macleodperation of complex processes, such as deposition and sputtering of thin films in semiconductor manufacturing, which are characterized by highly coupled macroscopic and microscopic phenomena. Drawing from recent advances in the dynamics and control of distributed parameter processes for which contin

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peration of complex processes, such as deposition and sputtering of thin films in semiconductor manufacturing, which are characterized by highly coupled macroscopic and microscopic phenomena. Drawing from recent advances in the dynamics and control of distributed parameter processes for which contin

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Epilogue: 1920s to Present,and 1929—a record of price stability unmatched during the rest of the century. Subsequent price levels were much more unsettled, beginning with abrupt deflation of the CPI to 13.0 by 1933. After that, except for a few small dips, the CPI rose almost every year, sometimes moderately but with several bursts of rapid inflation.

Astigmatism

Conclusion,at much was clear in the 1910s. The decade established or solidified patterns of response by financial institutions, voters, and interest groups that often recurred in the future but some of which proved ineffective enough to be abandoned then or later.

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,Prelude: Price Deflation, 1865–1897,By the late 1890s, Americans had experienced three decades of mostly falling prices. While many remembered surging inflation during the Civil War, since then consumer prices had trended downward, with brief exceptions. Wholesale prices had plunged even more. Unlike ourselves, Americans at the time regarded declining prices as normal.

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,Reform in Detail: Attempted Remedies for Rising Prices, 1910–1914,Remedies for so pervasive a problem as the high cost of living were elusive. Most proposals were necessarily narrow in scope. The middleman made an easy target, but the gap between producers and consumers proved hard to bridge. And who spoke for so inclusive a group as consumers?