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What does the 1865 Contraction Act do? What were the effects?
It brought M down quickly and led to a sharp decline in P.
Too severe on debtors. Prices in the US were still higher than the rest of the world.
Too severe on debtors. Prices in the US were still higher than the rest of the world.
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Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 15.11.2010