1. 1970 (having an 11.04% rate of inflation)
2. Increased involvement in the Vietnam War, Great Society programs fully in effect.
"The late 1960's increase in inflation was due to the increase of taxes, increase the issuance of currency and cutting public expenditures, in the Lyndon B Johnson government, in order they could meet the military expenses they where having at that moment thanks to the Vietnam war."
3. Consumers lose purchasing power with inflation forcing them to buy less.
"If there is an increase in inflation but not in salary, the amount of earnings will not be powerful enough overtime, which means American consumers would be needing more money to satisfy their daily requirements."
An important resource that Spain wanted from the colonies was gold.
Answer: they belived the Church of England needed a reform and both believed in original sin and the literal interpretation of the bible as God's word
Explanation:
Both the Pilgrims and the Puritans were English Protestants who believed that the Church of England was in need of reform. Although both were strict Calvinists, they differed in approaches to reforming the Church of England. The Pilgrims were more inclined to separate from the church, while the Puritans wanted to reform the church from within. The Pilgrims were the first group of Puritans to seek religious freedom in the New World. As strict Calvinists, members of both groups believed in original sin, predestination and the literal interpretation of the Bible as God’s word.
