Volatile Volcker Shock of the 1980s
Manage episode 410208923 series 3566041
The 1970s oversaw a turbulent period in US history. Huge inflationary pressures coupled with overly tight monetary policies produced stagflation, coinciding with the rise of monetarism and alternative approaches to economic management. Paul Volcker exemplified this - becoming the Chairman of the Federal Reserve and enacting policies that came to be known as the Volcker Shock.
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