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[[File:Zimbabwe $100 trillion 2009 Obverse.jpg|thumb|2009 Zimbabwe $100 trillion banknote. At the peak of Zimbabwe’s hyperinflation in November 2008, prices in Zimbabwe were doubling every 24 hours.]] | <languages /> | ||
[[File:Zimbabwe $100 trillion 2009 Obverse.jpg|thumb|<translate>2009 Zimbabwe $100 trillion banknote. At the peak of Zimbabwe’s hyperinflation in November 2008, prices in Zimbabwe were doubling every 24 hours.</translate>]] | |||
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Historically, '''inflation''' was defined as any increase in the quantity of money, other than an increase from a switch in the money commodity (that is [[gold]]) from nonmonetary uses to monetary uses. Inflation resulted from new discoveries or mining of gold or artificial creation of additional quantities of the media of exchange. | Historically, '''inflation''' was defined as any increase in the quantity of money, other than an increase from a switch in the money commodity (that is [[gold]]) from nonmonetary uses to monetary uses. Inflation resulted from new discoveries or mining of gold or artificial creation of additional quantities of the media of exchange. | ||
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Elizabeth Clare Prophet, ''Prophecy for the 1980s''. | Elizabeth Clare Prophet, ''Prophecy for the 1980s''. | ||
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