Question
Did any of the following events lead to or created hyperinflation? 1960-The Population Explosion becomes a matter of increasing concern 1960 Primitive money largely superseded
Did any of the following events lead to or created hyperinflation?
1960-The Population Explosion becomes a matter of increasing concern
1960 Primitive money largely superseded
1960 French currency reform
1961 Organization for Economic Cooperation and Development founded
1961 Lagos Stock Exchange starts operations in Nigeria
1962 West African Currency Board abolished
1963 Repeal of the US Silver Purchase Act
1965-1987 Rapid expansion of US banks abroad
1965-1967Liberalization of the French financial markets
1965 Fei stone currency still in use in Yap
1967 Britain devalues the pound against the dollar, from $2.80 to $2.40
1968 National Giro set up in Britain
1968 US balance of payments in deficit
1968 Development Bank of Singapore founded
1969-1983 Number of banking offices in India increases five-fold
1969 India nationalizes its 14 largest private banks
1969 International Monetary Fund creates Special Drawing Rights
1970 Building society deposits overtake those of London clearing banks
1970 American banks in Britain overtake the London clearing banks
1970 US Bank Holding Company Amendment Act
1971 The Bretton Woods agreement breaks down
1971 Britain decimalises its currency
1972 Britain leaves the EECSnakeand floats the pound
1973 Britain joins the European Economic Community
1973 The US abandons the gold standard
1973-1974 Secondary banking crisis in Britain
1974 OPEC oil shock
1974 Eurodollar market crisis
1976 Maine legalizes entry by banks from other states
1976 British government adopts monetarism
1976 Friedrich Hayek calls for choice in currency and the denationalization of money
1978-1980 2nd OPEC oil price shock
1978 US Humphrey-Hawkins or Full Employment and Balanced Growth Act
1978 Occidental Petroleum in $20 billion barter deal with Soviet Union
1979-1990 Thatcherism in Britain
1979 European Monetary System created
1979 Britain abolishes all foreign exchange controls
1979 Banking Act increases regulatory powers of the Bank of England
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