Economy in the 1920s essay

That caused German prices of goods to rise rapidly, increasing the cost of operating the German government, which could not be financed by raising taxes because those taxes would be payable in the ever-falling German currency. The alternative was some combination of running a budget deficit and simply creating more money, both increasing the supply of German currency on the market and reduced that currency's price. When the German people realized that their money was rapidly losing value, they tried to spend it quickly. That increased monetary velocity and caused an ever-faster increase in prices, creating a vicious cycle . [34]

The US economy will most likely continue to shift towards an increasingly service based economy, thanks in large part to the proliferation of technology giants on US soil. As the intellectual development of many high-tech devices remains domesticated in the United States, the production of those devices usually occurs overseas, where production costs keep these devices more affordable to the average consumer. However, staples of American industrial production, such as automotive manufacturing, will likely remain strong for years, keeping American manufacturing output firmly within the upper echelons of overall global production output.

Economy in the 1920s essay

economy in the 1920s essay

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