How would British counterfeiting efforts in the revolutionary war have inflated the American currency?
Upvote:4
You don't have to know, it just happens. Its basic economics. Supply and demand are intersecting diagonal curves, the intersection of which is the market price.
As supply of an item goes up, you shove its diagonal curve higher up the supply axis (to the right in the graph above). That puts the intersection between the two lower on the price axis. In short, increasing the supply of anything causes its market value to drop.
Paper money is a stand-in for general goods, and thus it can be graphed just like any of them with supply and demand curves.
This has nothing to do with perception. Public perception might affect the "demand" curve, but not the supply curve. That one's just simple math.
More post
- 📝 Why were kitchen work surfaces in Sweden apparently so low before the 1950s or so?
- 📝 Why did the United States not resort to nuclear weapons in Vietnam?
- 📝 When did cheese enter the Korean diet?
- 📝 What coin/token is this? Copper "1 1900" Rev: Austro-Hungarian arms
- 📝 Did native Mexicans prefer Spanish rulers to the Aztecs?
- 📝 Which historical figure is attributed with the most death of his people?
- 📝 What words were obliterated from the Great Colonnade at Palmyra?
- 📝 Why do (almost) all countries have a flag, coat of arms, anthem, national holiday etc.?
- 📝 Why didn't the United States occupy Baja California during the US-Mexican war?
- 📝 Are there archaeological sites of Drusus‘ campaign 9 BC?
- 📝 What pharaoh did Cambyses defeat in the invasion of Egypt?
- 📝 Why was the Nihonmachi sector of Seattle selected for the Yesler Housing Project of the 1930s?
- 📝 What was Income Disparity like in the Middle Ages of Europe?
- 📝 To what extent was nonviolence effective in challenging racism (Civil Rights Movement)?
- 📝 How did encasillado work?
- 📝 Did Franco ever refer to his regime as Fascist?
- 📝 When did Germany pay the full amount of reparations of the Versailles treaty?
- 📝 What percentage of people were acquitted in "Stalin's trials"
- 📝 In what language did Caractacus deliver his speech to the emperor Claudius?
- 📝 How powerful and influential was the "last caliph" Abdul Mejid?
- 📝 Is the "youth bulge" hypothesis an evident explanation for imperialistic/rebellious historic movements and genocides?
- 📝 Are any Liberty Poles around today?
- 📝 When would one carry a sword on a shoulder with grip upwards?
- 📝 Who was the first Russian in space (not Soviet)?
- 📝 What is the first known instance of gift-giving backfiring across cultures?
- 📝 What is the difference between galli and metragyrtai?
- 📝 Why was the Greek alphabet not adopted by other languages, given the Greek influence?
- 📝 What was the age of majority in England in the 1870s?
- 📝 Is there any evidence in history to suggest that there was a Melanchro (dark-skinned) population in Colchis as claimed by Herodotus?
- 📝 Why did Catholic church wait for 350 years to accept "Galileo's idea"?
Source: stackoverflow.com
Search Posts
Related post
- 📝 How would British counterfeiting efforts in the revolutionary war have inflated the American currency?
- 📝 Why did the British have so few destroyers going into World War II?
- 📝 How many troops would the White Armies have had at their peak during the Russian Civil War?
- 📝 How would Eastern European emigres have traveled across Eastern Europe to Warsaw in the early 20thC?
- 📝 How would one have gone about setting up a business during Communist Revolutionary China?
- 📝 "Three Pines" as code for British Loyalists during the Revolutionary War
- 📝 How many British prisoners of war were taken by the Wehrmacht and how many died?
- 📝 Jerusalem 1187: How would Saladin's army have laid siege to the walls?
- 📝 How did the Crimean war change British society?
- 📝 How would the Germans have sent the Zimmerman telegraph if the German-American telegraph line was cut?
- 📝 How long would it have taken to get to the Poconos in the early 1900s?
- 📝 How was the British invasion into the US successful in the War of 1812?
- 📝 What's the Ancient Egyptian phrase/word for “Royal Road of Life”? And how would it have been spelt?
- 📝 In the Middle Ages - 18th century, how long would it take for a blacksmith forge a regular farming scythe to a war scythe?
- 📝 How would a Spartan have held his shield?
- 📝 How did such a relatively minor event as the assassination of an archduke start World War I?
- 📝 How did the Nazis plan to defeat America during World War II?
- 📝 Where would the first nuke have been dropped in Germany?
- 📝 How would a king's servants prove that they are on a task given by the king?
- 📝 How did the American Civil War help the U.S economy recover from the Panic of 1857 given that civil wars are extremely destructive?
- 📝 What would have been the typical drinks for a US farmer in the late 18th/early 19th century?
- 📝 How beneficial were war bonds to the US during WWII
- 📝 In the Medieval period, how long would an average swordsmith need to forge an average sword?
- 📝 Did any British working class men have the vote before 1918?
- 📝 Why were Civil War battle techniques so bloody, if the US had learned guerrilla fighting in the Revolutionary War?
- 📝 How would slaves have addressed their masters in Ancient Greece?
- 📝 How likely is it that any non-Celtic language was spoken in the British Isles when the Romans invaded?
- 📝 How heavily were the British taxing their American colonies?
- 📝 How likely it is that a nobleman of the eighteenth century would give written instructions to his maids?
- 📝 How would you accurately use older British currencies when writing a story?