Inflation is the increase in level of prices in an economy, while deflation is a decrease of the prices.
Inflation has a higher price increase, which means there will be less purchases. Deflation has a lower prices, so the quantity or amount of the item will be out of stock quicker.
The oil crisis made it hard for many people to get oil. Lots of people didn't have transportation. Gas stations were either limited or completely out of fuel.
The delegates compromise was the great compromise (also known as the new jersey plan) in which the house would be divided into the house of representatives where the number of representatives would be based on population and the senate where each state would be given 2 representatives. This led to the problem of slaves and such the 3/5 compromise was born where a slave counted as 3/5 of a person.
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Russia concerned both of them because at that time in the war Russia was the powerhouse, they had it all, technology wise and climate wise. They could not be attacked because of their harsh winters and they could attack at any time because they had the upper hand in military technology.
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There are several reasons why the Sherman Antitrust Act was ineffective. One reason was there was little support for regulating businesses in the 1890s. The laws were generally pro-business and the attitude toward business and the economy was a laissez-faire one. The government generally tended to let businesses do as they pleased.
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