L8ucvirgina
L8ucvirgina L8ucvirgina
  • 26-03-2016
  • History
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Describe the general outlines of Nixon's economic policy. Was it consistent? Was it effective?

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meerkat18
meerkat18 meerkat18
  • 09-04-2016

He focused on the inflation rate.  He concentrated on mandatory price controls. This covered rent, wages and other prices as a solution to resolve the inflation. This also enabled the dollar to float compared to other currencies.  Unfortunately it had a negative response to businessmen as it resulted in food shortages.  The inflation also returned which meant that the solutions were a failure.

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