matta on Nostr: Nixon took the US off the Gold Standard in 1971… inflation went berserk a flood of ...

Nixon took the US off the Gold Standard in 1971…

inflation went berserk

a flood of women entered the workforce & the Modern Family unit began to dissolve

here's how inflation in the U.S. fluctuated

** 1971: 4.3% Inflation
**1972:** Inflation was relatively moderate at 3.2%.
**1973:** Inflation increased significantly to 6.2%.
**1974:** This was a peak year with inflation soaring to 11.0%.
**1975:** Inflation eased slightly to 9.1%.
**1976:** It continued to decrease to 5.7%.
**1977:** Inflation was at 6.5%.
**1978:** It rose again to 7.6%.
**1979:** Inflation spiked to 11.3%.
**1980:** This year saw the highest rate in the period at 13.5%.
**1981:** Inflation began to decrease, coming down to 10.3%.