Answer: High inflation means prices are raised. Because businesses are forced to raise prices, banks raise interest rates to maintain a good profit margin. Higher rated results in marginal businesses failing. This increases unemployment and affects the entire economy system as a whole.
because High inflation puts pressure on a government to increase the value of the state pension and unemployment benefits and other welfare payments as the cost of living climbs higher.
Well, All I know is that In the south they were mostly plantations, thus the need for slaves. And in the north, it was mostly city, with a few SMALL farms
