The Great Inflation of the 1970s

Yanek Mieczkowski

in Gerald Ford and the Challenges of the 1970s

Published by University Press of Kentucky

Published in print April 2005 | ISBN: 9780813123493
Published online September 2011 | e-ISBN: 9780813134956 | DOI:
The Great Inflation of the 1970s

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This chapter examines former U.S. President Gerald Ford's efforts and challenges in battling inflation in the 1970s. It suggests that the Great Inflation coincided with the increasing awareness of the fragility and finitude of planet earth and that the idea of an “age of limits” hit Americans especially hard because the postwar era had previously emphasized limitless growth and resources. It argues that the greatest task for Ford was to find a suitable economic policy to guide the nation through the troubled times and win acceptance for it.

Keywords: Gerald Ford; inflation; age of limits; post-war era; economic policy; U.S

Chapter.  6993 words. 

Subjects: History of the Americas

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