Although the economic Panic of 1893 had a number of causes, President Grover Cleveland believed the inflation caused by Sherman's act to be a major factor, and called a special session of Congress to repeal it.
By the beginning of the 1980s, several factors, including changes in international free trade policies, inflation and the Savings and Loans Crisis contributed to the recession that impacted cities like Cleveland.
Citing persistent inflation pressures, weak public finances, limited progress on fiscal consolidation and ineffectiveness of the government, rating agency Fitch revised India's Outlook to Negative from Stable on 18 June 2012.
Despite never having been trained in economic matters, Thơ had a prominent hand in the administration of the Commodity Import Program, an American initiative akin to the Marshall Plan, whereby aid was funnelled into the economy through importing licenses rather than money, in order to avoid inflation.
Following President Sukarno's downfall in the mid-1960s, the New Order administration brought a degree of discipline to economic policy that quickly brought inflation down, stabilized the currency, rescheduled foreign debt, and attracted foreign aid and investment.
Hayes feared that the Act would cause inflation that would be ruinous to business, effectively impairing contracts that were based on the gold dollar, as the silver dollar proposed in the bill would have an intrinsic value of 90 to 92 percent of the existing gold dollar.
In addition to these risks, social insurance programs are greatly influenced by public opinion, politics, budget constraints, changing demographics and other factors such as medical technology, inflation and cost of living considerations (Bureau of Labor Statistics 2009).
In June of that year, President Grover Cleveland, who believed that the Panic was caused by the inflation generated by the Sherman Silver Purchase Act, called a special session of Congress in order to repeal it.
In the 1980s, Margaret Thatcher instituted economic policies which evoked Chamberlain's as Chancellor—control of inflation (even at the expense of unemployment), minimisation of budget deficits, and low rates of direct taxation.
Madagascar's economy quickly deteriorated as exports fell, industrial production dropped by 75 percent, inflation spiked and government debt increased; the rural population was soon reduced to living at subsistence levels.