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The economic phenomenon of high inflation and stagnant economic growth that occurred in the 1970s, which the Nixon administration attempted to address through wage and price controls.
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...
Tariff wars beginning with the Tariff of 1930 coincided with a collapse in GDP and a surge in unemployment, and they triggered widespread retaliation that reshaped trade patterns; historians and econo...
Monetary and fiscal actions under both administrations help explain differences in chiefly through timing, scale and context: large fiscal stimulus and easy-money responses coincided with supply shock...