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So Much Inflation During The 1970s

244 Words1 Pages
Jordan Varney
Mr. Mahood
Period 4
Why So Much Inflation

During the 1970s up to the early 1980s the stock market was just a mess. Inflation rose and economic growth came to a halt. This was know a The Great Inflation. Our country entered a time where the economy was in serious danger.
Inflation is when the average price levels of goods and services in an economy increase. Some people believe that the Feds can’t control the monetary base. This is not true. Monetary Base is currency circulated in public and commercial banks held in central banks by the federal reserve. The federal reserve system is the central banking of the United States. They have control of raising currency stocks and printing money.
Between 1947 and 1964, the Feds increase
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