19h 47min, aug 30, 1919 y - Inflation
Description:
Inflation increases the cost of living, the cost of housing, food, clothing, and other essentials. In 1919 the prices rose at an average of 15% to try to reduce operating cost. This made business decrease production and lay off workers/decrease wages to increase their profits. This caused a small drop in the economy.Added to timeline:
Date:
19h 47min, aug 30, 1919 y
Now
~ 106 years ago