Search results
Results From The WOW.Com Content Network
The hyperinflation under the Chinese Nationalists from 1939 to 1945 is a classic example of a government printing money to pay civil war costs. By the end, currency was flown in over the Himalayas, and then old currency was flown out to be destroyed. Hyperinflation is a complex phenomenon and one explanation may not be applicable to all cases.
The term originates from the Latin inflare (to blow into or inflate). Conceptually, inflation refers to the general trend of prices, not changes in any specific price. For example, if people choose to buy more cucumbers than tomatoes, cucumbers consequently become more expensive and tomatoes less expensive.
The Chinese hyperinflation was the extreme inflation that emerged in China during the late 1930s, [1] extended to Taiwan after the Japanese surrender in 1945, and concluded in the early 1950s. [ 2 ]
For premium support please call: 800-290-4726 more ways to reach us
California, for example, was one of the first states to raise its minimum wage to $15 an hour — well above the federal requirement of $7.25 an hour — and it since has ticked up to $16 an hour ...
extraordinary long fifty months hyperinflation [1] Palairet attributes its length to the fact that Greece’s governments in this era made no effort to tax and were consistently able to print as much money as they needed for finance. Opposing Palairet’s study, other scholars calculate that the Greek hyperinflation lasted only for most of 1943 ...
The International Accounting Standards Board defines hyperinflation in IAS 29 as: "the cumulative inflation rate over three years is approaching, or exceeds, 100%." [11] Companies are required to restate their historical cost financial reports in terms of the period end hyperinflation rate in order to make these financial reports more meaningful.
But he added there is a "high" bar to concluding that higher rates are needed to cool inflation. Many U.S. central bank officials, including Fed Chair Jerome Powell, have said they still think ...