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."
To teach people what he believed were the three most basic human rights: Life, Liberty, and Property.
Answer:
In 1860 the NYC population was almost 1,068,000
The Industrial Revolution began in England in the late 18th century, and spread during the 19th century to Belgium, Germany, Northern France, the United States, and Japan. Almost all areas of the world felt the effects of the Industrial Revolution because it divided the world into "have" and "have not" countries, with many of the latter being controlled by the former. England's lead in the Industrial Revolution translated into economic prowess and political power that allowed colonization of other lands, eventually building a worldwide British Empire.
Answer:
The U.S. prepared for war by first building- up the military in readiness for deployment, by initiating a draft. President Woodrow Wilson sought Congress support in the declaration of war against Germany. ... The government raised income taxes to sustain financial support for the war.
Explanation:
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