This week in microsociety we have been doing allot of fun things.
First we learnt that that inflation is when people
change the value of money.For example if a shop keeper
had made a higher price then the people who are paying
would have to pay more.Then they would earn more
eventually there is a chain reaction.It would also mean what
you pay 💰 now has less value and then that might mean you
will get poor.
The Wall Street crash was when the shop keepers had got higher prices and then people payed more.Eventually lots of people lost jobs and homes.