Title: Overview of the Economy of the 60's
Headings: Overview of the Economy of the 60's
Overview of the Economy of the 60's
Content: Environmental and consumer interests were increasingly taken into consideration. As the nation strove to achieve these goals, the economy suffered from their negative effects. Large-scale government spending and the constraints of the international monetary system resulted in domestic inflation. As the government struggled to slow inflation and stabilize the economy, the Vietnam War and the War on Poverty raged on. One war was hopelessly lost, and the other was only partially won. Optimism disintegrated as the dollar lost stability and inflation took a firm hold. By the end of the 1960s, the economy was very different from its state at the beginning of the decade. Growth was slowing, inflation was rising, and the dollar was in poor shape. Nevertheless, there were positive changes in the economy. The United States had obtained greater access to trade with foreign nations.