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Nixon issued Executive Order 11615 (pursuant to the Economic Stabilization Act of 1970), imposing a 90-day freeze on wages and prices in order to counter inflation. This was the first time the U.S. government had enacted wage and price controls since the Korean War.
The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...
1970s disasters in North America (15 C) 1970s disasters in Oceania (16 C) 1970s disasters in South America (10 C) 0–9. 1970 disasters (12 C) 1971 disasters (13 C)
Richard Nixon had imposed price controls on domestic oil as a result of the 1973 oil crisis. Since then, gasoline price controls had been repealed, but those on domestic oil remained. The Jimmy Carter administration began a phased deregulation of oil prices on April 5, 1979, when the average price of crude oil was US$15.85 per barrel ($100/m 3).
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
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TV 812 – The Army's Other Role (Color – 1971) Portrays the US Army's civil assistance role; projects shown include the Lewis and Clark expedition, The Panama Canal, Road and waterway construction, and disaster relief. TV 814 – The Making of the Soldier–Policeman (Color – 1971) Follows a military police trainee through such activities ...
It is a dystopian series set in a fictional small town in Kansas called Jericho after a nationwide nuclear disaster plunged the entire country and the town into mass anarchy. Luna, 1983–1984. British Children television sitcom where bureaucracy has gone out of control, but with elements of black comedy, and absurdist theatre.