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New Economic Policy 1971

The New Economic Policy announced by President Nixon, which included wage and price controls, as well as other measures to address economic instability and inflation.

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Jan 24, 2026
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What price controls did Nixon enact

President the most sweeping peacetime wage and price controls in history on August 15, 1971: a 90‑day freeze on wages and prices followed by a system of administered controls enforced by new boards an...