Chapter

Economic Initiatives, 1975–76

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: http://dx.doi.org/10.5810/kentucky/9780813123493.003.0012
Economic Initiatives, 1975–76

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This chapter examines economic initiatives launched by former U.S. President Gerald Ford in 1975 and 1976. It explains that the 1970s economy was unforgiving to incumbent presidents because stagflation often led voters to blame their president and seek a new economic steward. But despite all the criticism against Ford, he was able to reduce inflation to just 4.8 percent by the time he left office and the unemployment rate to only 7.3 percent. Not all presidents can leave office saying that their fundamental goals were intact, especially during the 1970s.

Keywords: Gerald Ford; economic initiatives; stagflation; inflation; unemployment; presidents; U.S

Chapter.  9339 words. 

Subjects: History of the Americas

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