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The US economy entered 1975 in recession following the economic downturn which had begun in late 1973 and accelerated in 1974, but recovery was under way by mid-year, assisted by a $23bn Congressional tax cut. Inflation remained a major concern, but fell sharply from the 12% peak of late 1974. Unemployment fell from its May 1975 peak of 9%, but remained above the postwar average for the remainder of the decade and beyond.
Wiki User
∙ 10y ago
Wiki User
∙ 12y agoThe American economy was not significantly changed during those period of time. Because of the World War 2, the United States' economy greatly increased and started to provide more goods. In addition, it became more resistant to the Great Depression.
Zya Truman
Evaluate the extent to which the federal government's role in the economy changed in the period from 1945 to 1980.
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What effect did the Embargo Act have on American economy?
amost destroyed american economy
After the spanish American war many workers in cuba?
After the Spanish-American War, many workers in Cuba resented American control of the economy.
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How is the American economy different today than it was in the early 20th century?
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What became the basis of the economy and settlement in the north American colonies of France and England?
The basis of the economy and settlement in the north american colonies of France and England were
What was the American economy like by the 1890s?
It was the largest producer in the world.
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the ecomomy BOOMED
What was the American economy like during 1974-1977?
it was bad dude xD
What effect did the Embargo Act have on American economy?
amost destroyed american economy
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Sylwester Karbosiak has written: 'Zbrojne podziemie pohitlerowskie i jego dzialalnosc na Dolnym Slasku i Opolszczynie w latach 19451947'
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is the recovery of the american economy the same for everybody
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Is American a mixed economy or is it a market economy?
U.S.A is a Market Economy Canada is a Mixed Economy Whoo Hoo!
After the spanish American war many workers in cuba?
After the Spanish-American War, many workers in Cuba resented American control of the economy.
What is the French economy like?
The French economy is like a French economy. >:D
What affect did the protective tariffs have on the American economy?
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
