On 28 August 1963, more than 200,000 demonstrators took part in the March on Washington for Jobs and Freedom in the nation's capital. The march was successful in pressuring the administration of John F. Kennedy to initiate a strong federal civil rights bill in Congress.
When people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
<h3>What is demand-pull inflation?</h3>
Demand-pull inflation is a monetary phenomenon where demand exceeds supply and increases prices.
- When the prices of raw materials/labor increase, it leads to an increase in the costs of production and results in higher prices for the consumers.
In conclusion, when people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
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Other words that go with the same meaning of common knowledge include Ongoing, existence, widespread, popular, etc.
<span>According to Howard Zinn, one method used by abolitionists to achieve their goals was civil disobedience and an adherence to moral principles that gained them sympathy. </span>
