The Great Inflation: A Historical Overview and Lessons Learned (Page One Economics Classroom Edition)

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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. Read the October 2012 issue to find out what caused the Great Inflation, how tough (and painful) policy brought it to an end, and two key lessons learned.

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Keep your students in the know on timely economic issues with the Page One Economics Classroom Edition. Page One Economics provides a simple, short overview of a current economic event that offers students an opportunity to use close reading strategies. The Teacher’s Guide includes student questions and a teacher answer key, plus additional resources and lesson ideas for classroom, extra credit, or make-up assignments. You can subscribe via RSS feed or email.


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Audience:   High School, College
Language:   English
Subjects:   History, AP, Economics
Resource Types:   Publications, Newsletter, Lessons
Concepts:   Monetary Policy, Federal Reserve System-functions, Unemployment, Inflation/Deflation
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