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Dollar value swings reshape the Soaring Sixties era
A long AP report traces how the dollar’s buying power declined from 1960 to the mid 1980s amid inflation and higher taxes. It notes shrinking purchasing power, rising costs, and military spending as key drivers, with estimates showing the dollar trading far below its 1960 value by 1984 and expectations of further declines in mid 1984.
MENTIONED IN THIS ARTICLE
John Cunsuf
New York
Ike
America
Vietnam
Insg