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Aug 2022
51m 7s

Inflation and the cost of living

Bbc World Service
About this episode
A compilation of witness accounts from when inflation and the cost of living were seriously affecting people's lives, among other topics. In 1971, inflation was a huge problem in the USA so the President, Richard Nixon, made one of the most drastic moves in economic history; abandoning the Gold Standard. It became known as the 'Nixon Shock' and nearly cause ... Show More
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