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babymother [125]
3 years ago
8

What caused deflation after the Civil War?

History
1 answer:
azamat3 years ago
5 0

Answer: Deflation occurred periodically in the U.S. during the 19th century (the most important exception was during the Civil War). This deflation was at times caused by technological progress that created significant economic growth, but at other times it was triggered by financial crises — notably the Panic of 1837 which caused deflation through 1844, and the Panic of 1873 which triggered the Long Depression that lasted until 1879.

Explanation:

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Throughout history and even in the contemporary era, many nations have changed their borders, gained or lost resources, or even ceased to exist as a consequence of changes in the national identity of their inhabitants.

Thus, the separation of Austria-Hungary into two independent nations in 1918 led to the disappearance of one of the main economic and political powers on the continent; the dissolution of the Soviet Union in new independent nations ended with the bipolarity of the Cold War; the feeling of German unity that unified East Germany and West Germany gave way to a new power in Europe in 1990; and the Russian patriotic sentiment in the Ukrainian region of Crimea gave way to a bilateral conflict that ended with the annexation of this region by Russia.

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