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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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Economic Initiatives, 1975–76

Economic Initiatives, 1975–76

Chapter:
(p.174) Chapter 11 Economic Initiatives, 1975–76
Source:
Gerald Ford and the Challenges of the 1970s
Author(s):

Yanek Mieczkowski

Publisher:
University Press of Kentucky
DOI:10.5810/kentucky/9780813123493.003.0012

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

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