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President Nixon tried to quell inflation by dropping the gold standard, freezing prices, and raising tariffs. The effort ...
Inflation eased more than expected to a five-month low in March as gasoline and used car prices tumbled and rent increases softened further, offsetting a sharp rise in grocery costs. The report ...
A look at how Trump’s tariffs and tax proposals echo Nixon’s 1971 shock—reshaping global trade, stoking inflation, and ...
With inflation rising, the clamor to do something was mounting in both political circles and the press. At the end of June 1971, Nixon had told his economic advisors, "We will not have a wage ...
The Great Inflation and the recession that followed ruined many businesses and hurt countless individuals. Interestingly, John Connally, the Nixon-installed Treasury Secretary with no formal ...
After Nixon, the US faced severe inflation and a global retreat. But Nixon’s sophisticated geopolitical strategy ultimately reinforced American hegemony. Trump is the only US president in the ...
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