The 1970s saw some of the highest rates of inflation in the United States in recent history, with interest rates rising in turn to nearly 20%. Central bank policy, the abandonment of the gold window, Keynesian economic policy, and market psychology all contributed to this decade of high inflation.
Democratic Republicans attempted to scale back Federalist programs but actually overturned few of the institutions they had criticized Bank of the United States was retained until its charter expired in 1811.
