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The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...
The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States president Richard Nixon on 15 August 1971 in response to increasing inflation. [1] [2]
Delegating authority of the President under section 4102(a)(2)(B) of Title 5, United States Code, to designate U.S. marshals and U.S. attorneys for training May 26, 1970 81 11532 Establishing the Interdepartmental Committee for (the) Voluntary Payroll Savings Plan for the Purchase of United States Savings Bonds June 2, 1970 82 11533
To find the average yearly inflation rate by U.S. president, ... Inflation was high during most of Nixon's presidency, including 8.7% in 1973 and 12.3% in 1974, the year of the Watergate Scandal ...
President Richard Nixon. Nixonomics, a portmanteau of the words "Nixon" and "economics", refers either to the performance of the U.S. economy under U.S. President Richard Nixon [1] (i.e. the expansions in 1969 and from 1970 to 1973 during the broader Post–World War II economic expansion and the recessions from 1969 to 1970 and from 1973 to 1975) or the Nixon administration's economic policies.
[4]: 189 (The war actually ended with the Fall of Saigon in 1975, three years later, making the president's declaration read as premature in retrospect. [4]: 190 ) The address continued six great goals from the 1971 State of the Union Address, but with various other items added to appease interest groups.
The Federal Reserve's decision this week to hike interest rates a whopping 75 basis points -- the first time that's happened in 28 years -- is intended to do one thing: Tamp down the highest ...
Many banks currently offer CD rates above 4.00% APY, but these deals probably won’t last long as the Fed continues to cut rates. Building a CD ladder can help protect you against falling rates ...