Title:

Classroom Newsletter: The Great Inflation: A Historical Overview and Lessons Learned

PREVIOUS | NEXT

Classroom Newsletter: The Great Inflation: A Historical Overview and Lessons Learned

GRADE LEVEL: 9-12, college, and adult

OVERVIEW: All inflation isn't bad—a moderate amount can signal a healthy economy. But high inflation, such as that during the Great Inflation, can lead to a vicious cycle where expectations of higher inflation lead to further increases in the price level. Find out what caused the Great Inflation, how tough (and painful) policy brought it to an end, and two key lessons learned.

KEY TOPICS: history, economics, monetary policy, Federal Reserve System-functions, unemployment, inflation/deflation

PART OF:

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

More Information
less

NOTE: Educational resources on FRASER are provided in partnership with the Federal Reserve Bank of St. Louis and other regional Federal Reserve Banks. Unless otherwise noted, these resources are free and open for individual and classroom use, reuse, retention, and redistribution, within the terms of our Economic Education Permitted Use policy. For questions about specific use cases, please contact us.

SOURCE SUBJECTS IN FRASER: AUTHOR: CONTRIBUTING AUTHOR:

DIGITAL COPY SOURCE: Federal Reserve Bank of St. Louis

ACCESS CONDITION: See note