Inflation is a large part in the economic well being of a country along with the social well being. The definition of inflation is the general increase in the prices of goods and services in an entire economy over time. The effects that inflation causes can weaken an economy to the point of collapse. Inflation and hyperinflation can have a tremendously negative affect on an economic society as seen in post WWII Germany (The Weimar Republic), 1970's Argentina, 1980's Brazil, post Vietnam War in America and the Peoples Republic of China, all economies that have fixed their economic and social woes created by inflation and its adverse effects. Taking a look at these past examples of inflation can prepare an economy facing present day inflation on what to avoid and what can be done. The economy facing economic hardships can learn how to handle the social impacts, how...