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EVENTS

  Wave of Immigration
  Hollerith Machine
  Chicago World's Fair
  Turner Frontier Essay
  Growth of Cities
  The Melting Pot
  World War I
  Sheppard-Towner Act
  Immigration Laws
  Stock Market Crash
  Great Depression
  1936 Election
  World War II
  Executive Order 8802
  1948 Election
  Civil Rights Act
  Deregulation
  "Goldilocks" Economy
  Census 2000

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The "Goldilocks" Economy

1983 -  The American economy entered a long expansion that lasted until a brief recession at the end of the decade. Inflation was low, unemployment was low, and steady growth led to rising standards of living. After the brief recession ended in 1991, the economy resumed a steady upward climb, again with low inflation, low unemployment, and steady growth. 

This was referred to by many observers as the "Goldilocks" economy because it was not too hot (which would cause inflation) and not too cold (which would cause high unemployment).

Related Links:

Program Segment 14

Interviews:
Volcker
Friedman
Yankelovich

 

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