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Gerald Ford and the Challenges of the 1970s$
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Yanek Mieczkowski

Print publication date: 2005

Print ISBN-13: 9780813123493

Published to Kentucky Scholarship Online: September 2011

DOI: 10.5810/kentucky/9780813123493.001.0001

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The Great Recession of the 1970s

The Great Recession of the 1970s

Chapter:
(p.145) Chapter 9 The Great Recession of the 1970s
Source:
Gerald Ford and the Challenges of the 1970s
Author(s):

Yanek Mieczkowski

Publisher:
University Press of Kentucky
DOI:10.5810/kentucky/9780813123493.003.0010

This chapter examines former U.S. President Gerald Ford's antirecession program in 1975. It discusses Ford advisers Alan Greenspan and William Simon's proposal to delay action as long as possible for fear of renewed inflation. It also explains the challenges presented by stagflation, given that the policy prescriptions for high inflation and high unemployment were contradictory. As the country slipped deeper into recession, comparisons between the 1920s and the 1930s and Ford's overall approval rating went down to 36 percent.

Keywords:   Gerald Ford, anti-recession program, Alan Greenspan, Alan Simon, stagflation, recession, unemployment, approval rating

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