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ECO 202Macroeconomic Data Report 1960-1969Mikki PataneECO 202Milestone One
ECO 202U.S. Economic History Overview of 1960 - 1969•GDP and Growth•Significant macroeconomic events•Unemployment and Inflation•Keynesian Theory•Interest Rates•Bretton Woods system•Effects on GDP, Global Trade and Global Economy
ECO 202GDP and Growth•Gross Domestic Product (GDP) and Growth•Growth rate of 1960-1969 was averaged at 5%
ECO 202Significant Economic Events•Recession of 1960•Unemployment peaked at 6.9%•GDP declined 2.4%•Recession ended by JFK with stimulus spending•The Vietnam War•Peak military spending reached 9.5% of GDP•Increase of GDP due to increased military spending•Election of President Nixon 1969•Inflation soared prior to Nixon taking office•Unemployment was low at 3.3%•Early economic policy called for tight budget and restrictive monetary policy
ECO 202Unemployment and Inflation
ECO 202Inflation Rates•The Great Inflation of 1965•