Inflation: How Did the Spiral Begin?

You need permission to watch streaming videos.
Description
Series: 

In the 1960s President Lyndon Baines Johnson continued fueling the domestic agenda of his "Great Society," keeping a low profile on the Vietnam War. But the U.S. overspent and inflation bubbled over. Anyone living on a marginally fixed income endured harsh consequences under inflation, and workers' strikes only brought costs up more. After his election in 1972, Richard Nixon ordered a 90-day nationwide price and wage freeze after the Federal Reserve failed to curb inflation. These stories show problems posed by the development of inflation in the post-war U.S. economy. 

Find additional resources, including primary source materials, interactives, and downloadable print materials, at: http://www.learner.org/series/econusa/unit19/

Curricular Information
Teacher Guide
Video Information
Production Company: 
Language: 
Length: 
00:28