Economic Report of Ford

A detailed Summary of Economic Report of Ford


In 1974, there was a large rise in oil prices which gave a large amount of

purchasing power to the oil-producing companies. "Inflation, strong demands for

credit, and the unwillingness of the monetary authorities to underwrite a continued

acceleration of inflation drove interest rates upward, causing a slump in

housing."(The Economic Report of the President 1975) Another weakening effect of

the higher and "variable" rate of inflation was how uncertain the nation was

regarding future rates of price increase.

When 1975 began, the unemployment rate was at the highest level it had

been in seventeen years. Production and unemployment



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Approximate Word count = 476
Approximate Pages = 2 (250 words per page double spaced)

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