All of the countries were having a battle of who could build the biggest bombs, guns, tanks, weapons, technology, etc. which created tension between rival countries. everyone was afraid of the next country being too powerful. Hope it makes sense :-)
Last czar (tsar) of Russia was Nicholas II; reigned ended 1917 when he and his family were shot by the Bolsheviks starting the Russian revolution.
C. Many people made less money, but the dollar bought more goods and services than it previously had.
<span>Between 1880 and 1896, the price level in the united states fell 23 percent. This movement was good for bankers of the northeast and bad for farmers of the south and west.
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</span><span>Replacing the gold standard with a bimetallic standard was one suggested solution, respecting the solution both gold and silver were minted into coin. The move to a bimetallic standard increased the money supply and would stop the deflation.</span>
