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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 Inflation of the 1970s

The Great Inflation of the 1970s

Chapter:
(p.94) (p.95) Chapter 5 The Great Inflation 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/9780813123493.003.0006

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

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