StagflationIn economics, stagflation or recession-inflation is a situation in which the inflation rate is high or increasing, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment. The term, a portmanteau of stagnation and inflation, is generally attributed to Iain Macleod, a British Conservative Party politician who became Chancellor of the Exchequer in 1970.
New Zealand dollarThe New Zealand dollar (tāra o Aotearoa; sign: ;code:NZD)istheofficialcurrencyandlegaltenderofNewZealand,theCookIslands,Niue,theRossDependency,Tokelau,andaBritishterritory,thePitcairnIslands.WithinNewZealand,itisalmostalwaysabbreviatedwiththedollarsign(). The abbreviations "NZ"or"NZ" are sometimes used (outside New Zealand) when necessary to distinguish it from other dollar-denominated currencies. Introduced in 1967, the dollar is subdivided into 100 cents. Norwegian kroneThe krone (ˈkrûːnə, abbreviation: kr (also NKr for distinction); code: NOK), plural kroner, is the currency of the Kingdom of Norway (including overseas territories and dependencies). It was traditionally known as the Norwegian crown in English, however this has fallen out of common usage. It is nominally subdivided into 100 øre, although the last coins denominated in øre were withdrawn in 2012. The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007.
Western UnionThe Western Union Company is an American multinational financial services company headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph companies. It dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of telegraph-related services, including wire money transfer, in addition to its core business of transmitting and delivering telegram messages.
RupeeRupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, Burma, German East Africa (as Rupie/Rupien), and Tibet. In Indonesia and the Maldives, the unit of currency is known as rupiah and rufiyaa respectively, cognates of the word rupee. The Indian rupees () and Pakistani rupees () are subdivided into one hundred paise (singular paisa) or pice.
Italian liraThe lira (ˈlɪərə; plural lire) was the currency of Italy between 1861 and 2002. It was first introduced by the Napoleonic Kingdom of Italy in 1807 at par with the French franc, and was subsequently adopted by the different states that would eventually form the Kingdom of Italy in 1861. It was subdivided into 100 centesimi (singular: centesimo), which means "hundredths" or "cents". The lira was also the currency of the Albanian Kingdom from 1941 to 1943.
MonticelloMonticello (ˌmɒntɪˈtʃɛloʊ ) was the primary plantation of Thomas Jefferson, a Founding Father and the third president of the United States, who began designing Monticello after inheriting land from his father at age 14. Located just outside Charlottesville, Virginia, in the Piedmont region, the plantation was originally , with Jefferson using the labor of African slaves for extensive cultivation of tobacco and mixed crops, later shifting from tobacco cultivation to wheat in response to changing markets.
Thai bahtThe baht (bɑːt; บาท, bàːt; sign: ฿; code: THB) is the official currency of Thailand. It is divided into 100 satang (สตางค์, sà.tāːŋ). The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of January 2019. History of Thai money Tical (unit) The Thai baht, like the pound, originated from a traditional unit of mass.
California Gold RushThe California Gold Rush (1848–1855) was a gold rush that began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California. The news of gold brought approximately 300,000 people to California from the rest of the United States and abroad. The sudden influx of gold into the money supply reinvigorated the American economy; the sudden population increase allowed California to go rapidly to statehood in the Compromise of 1850.
William McKinleyWilliam McKinley (January 29, 1843 - September 14, 1901) was the 25th president of the United States, serving from 1897 until his assassination in 1901. A member of the Republican Party, he led a realignment that made Republicans largely dominant in the industrial states and nationwide for decades. He presided over victory in the Spanish–American War of 1898; gained control of Hawaii, Puerto Rico, the Philippines and Cuba; restored prosperity after a deep depression; rejected the inflationary monetary policy of free silver, keeping the nation on the gold standard; and raised protective tariffs to boost American industry and keep wages high.