Yahoo Web Search

  1. About 547,000 search results
  1. People also ask

    What good things happened in 1971?

    What are some major events that happened in 1970?

    What events that affected Earth in 1970?

    What are important things happened 1971?

  2. List of 1971 significant News Events in History The New York Times begins to publish sections of the Pentagon Papers The Voting Age in the United States is lowered to 18 yrs old when the 26th Amendment to the US Constitution is ratified Border battles between India and Pakistan erupt into full-scale ...

    • WTF Happened in 1971?
    • FDR, Nixon, and The Gold Standard
    • So What About Nixon?
    • That’S What Happened in 1971

    For those who aren’t aware, there is an entire website dedicated to that question: wtfhappenedin1971.com/. The first thing that becomes apparent is that something happened in 1971. This fact is made clear by a series of charts, all based on government data, that show various odd economic trends began in that year. Income inequality, for example, be...

    For years, I was always bored to death when I'd hear discussions about the gold standard. Monetary policy wasn’t just dull, but confusing. Some people blamed Nixon for taking the US off the gold standard; others would say, “No, no. It was FDR.” So who was it? And what is “the gold standard,” anyway? The gold standard is simply a monetary system tha...

    So it was FDR that moved the US off the gold standard? Not quite. From 1946 to 1971, nations operated under a new monetary system: the Bretton Woods Agreement. “The Bretton Woods system was designed by the Allied nations, led by the United States, near the end of World War II as a postwar international monetary order,” explainseconomist Jonathan Ne...

    So now you know what happened in 1971. The US became what is known as a fiat currency system, one in which paper is legal tender backed not by gold, silver or some other commodity, but by government decree. The economist Thorsten Polleit described three thingsall fiat monies have in common: 1. the government (or its central bank) has the monopoly o...

  3. What Happened In 1971 Historical Facts About Us History The Year You Were Born: Back In 1970s - All Important Events Happened in 1970s ( Cost of ... - birthday journal notebook gift : Rain, Purpple: Amazon.com.au: Books

    • Paperback
    • Purpple Rain
    • Background
    • Government Failure
    • Analytic Failure
    • Conclusion

    The 37thpresident of the United States got on the wrong side of economic law three years before his resignation by imposing the first peacetime wage-and-price controls in American history. The business community and labor reined in surprise to offer pragmatic support. John Kenneth Galbraith and Paul Samuelson offered quick congratulations. One nota...

    The propensity of government intervention to expand from its own shortcomings defined U.S. energy policy in the 1970s. Price deregulation, meanwhile, was off the table. First, federal bureaucracies managed the shortage with a variety of edicts. Congressional hearings in March 1973 on energy conservation, a first, attracted testimony from the Enviro...

    Physical shortages of oil (and natural gas under a different regulatory regime) misled economists into thinking that mineral resources, fixed and thus depletable, had a logic of their own. Harold Hotelling, whose journal article, “The Economics of Exhaustible Resources” (1931), mathematically proved how mineral extraction was an increasing-cost ind...

    A surplus of regulation, not a shortage of oil or gas, caused the 1970s crisis. “When the black day of August 15, 1971 arrived,” Murray Rothbard reminisced, “we free-market economists predicted that shortages of all sorts of products would result….” Added Ayn Rand: “The Arab oil embargo was not the cause of the energy crisis in this country: it was...

  4. A history of the FBI from the mid-1950s through the early-1970s, defined by important cases and national and international events, including the Civil Rights movement.

  1. People also search for