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What Happened in the Weeke of World War One?
Inflationary boom and bust of 19 13-19 14 was not again replicated until 19 nineti. World war one disrupted supply and value chane, all the things we're seeing to day. There was a very significant spike in inflation rate because of a global destruction. And so what happened isn't thata reserve new york massively raised discount rates as they raised fiscal policy. But the net outcome was more than 20 % deflation in 19 21, 22. Byo 19 23, it i stabilized. In fact, the climate was slightly inflationary, and of slightly decent flationary, all the way to the crash of 19 29, 19 30. This is the example of