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The Country After The War

When the war ended, the country was plunged into a deep social and economic crisis with over 100,000 Colombians dead. The war exacerbated the economic crisis by halting farm production and trade, causing food shortages and rising prices. During the Thousand Days' War from 1899 to 1902, the government issued a large amount of paper money, worsening inflation. Emissions of new paper money between October 1899 and June 1900 exceeded those of the previous 13 years. The large note prints made during the war led to concerns about stabilizing prices in the postwar period.

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Sophie Cor - Pé
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113 views1 page

The Country After The War

When the war ended, the country was plunged into a deep social and economic crisis with over 100,000 Colombians dead. The war exacerbated the economic crisis by halting farm production and trade, causing food shortages and rising prices. During the Thousand Days' War from 1899 to 1902, the government issued a large amount of paper money, worsening inflation. Emissions of new paper money between October 1899 and June 1900 exceeded those of the previous 13 years. The large note prints made during the war led to concerns about stabilizing prices in the postwar period.

Uploaded by

Sophie Cor - Pé
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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The country after the war

When the conflict ended, the country was plunged into the deepest social and economic
crisis. In addition to the loss of over one hundred thousand Colombians dead, the war
accentuated the economic crisis, because the farms stopped producing and trading was
halted, causing food shortages and rising prices.

The monetary consequences of the Thousand Days' War and the period of price
stabilization

Despite criticism of the bipartisan opposition to the monetary policy of Regeneration,


emissions of paper money continued and deepened between 1900 and 1902, as a result
of the civil war. Thus, the economic reforms demanded liberals and conservatives
historical, just come to take effect in October 1903, for fear that aroused great note prints
made during the Thousand Days' War. then enter to study the monetary consequences
of the war and how prices stabilized in the postwar period.

Monetary consequences of the Thousand Days' War

With the initiation of the Thousand Days' War in October 1899, emissions between 1886
and 1898 made by the government of Regeneration, became insignificant. Indeed, as
shown in Annex 1 in the first nine months of armed conflict, emissions were $ 43,730
million, or that only between October 1899 and June 1900, emissions exceeded $
5,428,000 those made during the previous thirteen years.

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