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Introduction Today the world becomes green. Nonetheless, few of us go to sleep that this way of thinking had an interesting effect thirty old age ago, when in June 1979 the 39th chairman of the United States mounted solar power panels on the ceiling of the White House. This was the part of presidential answer to 1979 oil crisis. However, the States at that time undergo more severe problems same(p) stagflation, frequent dollar transfer consider fluctuations, and unusual score behavior of unemployment and flash. Furthermore, nowadays it is meaning(a) to analyze such turbulent sparing conditions and associating policies on the graphic example of Jimmy Carter. Before we preserve to understating performance of Carters court, it is necessary to comprehend what recite of economic science was inherited later Nixon and Ford played their role in American economic history. Nixon. In late January 1969, when President Nixon took office, the unem ployment gait was 3.5%, inflation rate (change in CPI) was approximately 6.1%, and the economy was growing (change real GNP) at rate of 2.8% (see Figure 1). The first result to such state of economy was gradualism.

Nixon chose indemnity that was aimed to decrease inflation and allowing unemployment to rise up to the level of socially accepfigure rates (4% at that time) without causing a recession. However, credit crunch and recession of 1970 showed that policy of gradualism was not sack well as previously planned. Unemployment pink wine to 6% enchantment inflation did not decrease. It was time for straightaway reaction, and, in 1971, Nixon administratio! n announced system of direct value and wage controls. These measures were welcomed positively and Nixon gained role of a decisive soul who is able to believe strong action to manage US economy.[8] Since Nixon won 1972 election, it is credible to state that control system proven to be face-saving from political perspective. On the other hand, monetary value and wage compulsory policy was enacted...If you want to get a full essay, show it on our website: OrderCustomPaper.com

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