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Recession Fears Rise Amid 1974 Economy Review
Ford faced a deepening recession in 1975 with unemployment rising to six million by November and inflation high. Advisers warned of a prolonged downturn, while Congress debated public works and tax relief, and gold investment was legalized as policy shifted.
MENTIONED IN THIS ARTICLE
Suington
Ced
Washington
Ford
Williamson
Afl-Cio
George Meany
Senate
Congress
Council of Economic Advisers
Agriculture Department
Treasury
Simon
United States
Nixon
Independent
Federal Reserve Board
Auto Industry