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The Century of Inflation

Summary/Abstract: The 20th century gives us the worst inflation in human history. Every country in the world is hit during that very period. The reason for its existence is pointed out, as well as whether it is an inevitable phenomenon during the 21st century. Exchange rates and inflation are investigated. Countries, which currency appreciates against the dollar during the century, are pointed out. The inflation during the period of the two world wars and after the fall of the socialism is analysed briefly. A conclusion is drawn that the inflation is not inevitable.

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