The Great Deflation

The Great Deflation

The Great Deflation refers to the period from 1870 until 1890 in which world prices of goods, materials and labor decreased. [ cite web
url = http://econ.claremontmckenna.edu/seminars/deflate.pdf#search=%22%22Great%20Deflation%22%201870%22
title = Claremont Conference on Deflation—Canadian Deflations and the Twisting Aggregate Supply Curve
author = Michael Bordo and Angela Redish
publisher = Rutgers University and the University of British Columbia
pages = 7
format = pdf
date = 2001
accessdate = 2006-09-23
] This had a negative effect on established industrial economies such as Great Britain while simultaneously allowing incredible growth in the United States which was just beginning to industrialize.

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