Inflation and the cost of living

Max Pearson presents a collection of the week's Witness History interviews from the BBC World Service. We hear from a Cypriot lawyer, imprisoned by the British for almost two years during the "Cyprus Emergency” of 1955-1959. Our guest, Professor Rebecca Bryant, explains how this ...  Show more

Max Pearson presents a collection of the week's Witness History interviews from the BBC World Service. Our guest is media, culture and creative industries lecturer Sarah Jilani. We start in 1954 with the Japanese film Seven Samurai which is widely considered to be one of world ci ...  Show more

In 1971, inflation was a huge problem in the USA so the President, Richard Nixon, made one of the most drastic moves in economic history: abandoning the Gold Standard. It became known as the 'Nixon Shock' and nearly caused a trade war between America and its allies. But, it also ...  Show more

In the summer of 1946 inflation in Hungary reached 41.9 quadrillion per cent. That’s 41.9 followed by 14 zeros – the highest rate of inflation ever recorded anywhere in the world. It meant prices of everyday goods and services doubled, on average, every 15 hours.As the shattered ...  Show more

In 1997, Bulgaria was in financial meltdown with hyperinflation making money in the country worth a lot less. Bulgaria had emerged out of communism following the fall of the Soviet Union in 1989. Like other post-Soviet regimes in eastern Europe, the country found the transition f ...  Show more

History repeats itself this week with an episode from the HISTORY This Week archives: January 8, 1964. In his State of the Union address, Lyndon Johnson unveils his War on Poverty, an effort to tackle subpar living conditions and create jobs across the United States. Johnson disc ...  Show more