Another cause of inflation like in the seventies there was the emergence of new nations throughout the world, all with sudden demands for a better standard of living. their goverments simply were not ready to deal with the people's increased needs. Tremendous pressures were created for industries in these nations to increase production. forcing too many of them to adopt inflationary policies in order to survive

well apart from seventies inflationary policies its quite used even today .. part of the oil sudden price increase although it might have a political purposes at that time. but i think it was a controlled inflationary policy . 

i gotta go to be continued ..

when the demands for goods and services grows faster than they can be supplied, prices go up and inflation occurs. since the 1940s, inflation has been an almost constant feature of american economy the rate of inflation however was always under 10 %. it was not untill the 1970s that diuble digit inflation came onto the scene.

The immediate cause of this largely unforseen inflation was a combination of events. These included the wheat crop failure in russia, the drought in africa, the devaluation of the U.s dollar, and the Arab oil embargo. these events sent prices up and supplies down. a straight road in to the highway of inflation . the long term causes were inffective goverment policies, mainly price controls that discourged needed production and expansion. efforts to minimize unemployement caused greater demand, leading to greater inflation.

to be continued am 2 lazy to continue typing