Annual Inflation Rate: 0% in 1900 to 3.7% in 1910 to 15.6% in 1920 The modern economy in America really began around the turn of the century, when the country shifted toward industrialism and away ...

The brilliant and late economic historian Angus Maddison estimated that India was the world's largest economy for a staggering one and a half millennia. China surpassed India by 1820 but they remained ...