3 years ago

Which of these did president nixon attempt as a way to combat inflation in the early 1970s?

1 answer:

3 0

During his presidency, Richard Nixon tried to stop inflation by passing Executive Order 11615. This law put a ninety day freeze on all wages and prices in order to stop inflation. This was one of the few times in American history where the government controlled the prices of goods for an extended period of time. The last time they did this before Nixon was during World War II.

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