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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.
What else can I help you with?
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.
How is the American economy different today than it was in the early 20th century?
In the early 20th Century the American Economy was more industrial based. The American Economy in the 21st Century has seen an outsourcing of much of the industrial sector to economies that have "cheaper" labor. The current American Economy is more technologically and scientifically based.
What is the French economy like?
The French economy is like a French economy. >:D
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.
Which is better the American economy or the Mexican economy?
As of 2011 the American economy is better than the Mexican economy. However.... The Mexican Economy has the potential to surpass the American economy. In 2010: the American Economy grew: 2.9% the Mexican Economy grew: 5.3%
What was the economy like in the American after World War 1?
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
What has the author Sylwester Karbosiak written?
Sylwester Karbosiak has written: 'Zbrojne podziemie pohitlerowskie i jego dzialalnosc na Dolnym Slasku i Opolszczynie w latach 19451947'
Is the recovery of american economy the same for every body?
is the recovery of the american economy the same for everybody
What does economy flexible mean with American airlines?
what is economy flexable
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 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.
How is the American economy different today than it was in the early 20th century?
In the early 20th Century the American Economy was more industrial based. The American Economy in the 21st Century has seen an outsourcing of much of the industrial sector to economies that have "cheaper" labor. The current American Economy is more technologically and scientifically based.
