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Poverty in France has fallen by 60% over thirty years. Although it affected 15% of the population in 1970, in 2001 only 6.1% (or 3.7 million people) were below the poverty line (which, according to INSEE 's criteria, is half of the median income ).
By the late 1960s, France's economic growth, while strong, was beginning to lose steam. Due to the impact of the 1968 social upheaval on the French economy, speculators bet against the French franc. The financial pressure from currency outflows led the government to devalue the franc against the German mark and the US dollar in 1969.
Income inequality was the largest driver of the change in the poverty rate, with economic growth, family structure, education and race other important factors. [131] [132] An estimated 11.8% of Americans lived in poverty in 2018, [133] versus 16% in 2012 and 26% in 1967. [134]
In 1963, Germany and France signed a treaty of friendship, the Élysée Treaty. France also reduced its dollar reserves, trading them for gold from the U.S. government, thereby reducing America's economic influence abroad. On 23 November 1959 in a speech in Strasbourg, de Gaulle announced his vision for Europe:
OpEd: This month marks the 60th anniversary of the “War on Poverty,” when President Johnson traveled to Inez, Ky. to make the case that the dire economic conditions faced too many Americans.
May 68 (French: Mai 68) refers to a period of civil unrest that occurred throughout France from May to June 1968. Beginning in May 1968, a period of civil unrest occurred throughout France, lasting seven weeks and punctuated by demonstrations, general strikes, and the occupation of universities and factories.
The swinging 1960s could help to unpack a key puzzle of our current era: America's funky economic mood. Why the 1960s can help us understand our confusing economic mood [Video] Skip to main content
Number in Poverty and Poverty Rate: 1959 to 2017. The US. In the United States, poverty has both social and political implications. Based on poverty measures used by the Census Bureau (which exclude non-cash factors such as food stamps or medical care or public housing), America had 37 million people in poverty in 2023; this is 11 percent of population. [1]