Inflation

Exchange Rates: What in the World is a Dollar Worth? (2012)

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By 1925 Great Britain went off the gold standard, managing to increase exports and lessen imports. The U.S. market was flooded with British goods and U.S. industry suffered. In July, 1944 world economic leaders met in Bretton Woods, NH for a "new world economic order" and soon the dollar became the new standard.

Grade Level: 
High
Length: 
00:29
Exchange Rates: What in the World is a Dollar Worth?

Stabilization Policy: Are We Still In Control? (2012)

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Between 1982 and 1985, the Fed tightened the money supply to combat inflation, despite rising unemployment. Also in the 1980s, U.S. citizens began to feel the debilitating effects foreign trade would have on job loss. Paul Volker's monetary policy in the mid-1980s was designed to quell inflation once and for all.

Grade Level: 
High
Length: 
00:29
Stabilization Policy: Are We Still In Control?

Monetary Policy: How Well Does it Work? (2012)

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Federal Reserve Chairman Paul Volker pushed us through two deep recessions using monetary policy and increased interest rates to combat inflation in the 1980s. His successor Alan Greenspan used a different tactic in the early 1990s and 2000s: flood the market with liquidity to prevent freezing.

Grade Level: 
High
Length: 
00:29
Monetary Policy: How Well Does it Work?

Productivity: Can We Get More For Less? (2012)

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In the 1970s, businesses struggled with rising energy costs, newly imposed environmental regulations, and inflation that contributed to the slowing of productivity. By 1980, a new group of economists called "supply-siders" were calling for government deregulation to spur productivity, amidst great objections from Democrats and some economic experts.

Grade Level: 
High
Length: 
00:29
Productivity: Can We Get More For Less?

Stagflation: Why Couldn't We Beat It? (2012)

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1970s America saw a new kind of inflation, based on supply and not demand: "stagflation," caused by Arab oil embargoes and worldwide crop failures. In 1973 President Ford and Fed Chairman Arthur Burns tried to control inflation by choking the money supply. They failed. In the 1990s the U.S.

Grade Level: 
High
Length: 
00:29
Stagflation: Why Couldn't We Beat It?

Economic Efficiency: What Price, Controls? (2012)

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In preparation for WWII, the Roosevelt administration instituted wage price and price controls to curb inflation and better focus production on war materials.

Grade Level: 
High
Length: 
00:28
Economic Efficiency: What Price, Controls?

Inflation: How Did the Spiral Begin? (2012)

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In the 1960s President Lyndon Baines Johnson continued fueling the domestic agenda of his "Great Society," keeping a low profile on the Vietnam War. But the U.S. overspent and inflation bubbled over.

Grade Level: 
High
Length: 
00:28
Inflation: How Did the Spiral Begin?