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1973 oil crisis

President Richard Nixon orders 90-day nationwide freeze on all wages, prices, salaries and rents

Sunday Aug 15, 1971
U.S.

U.S. Government institutes Phase I price controls. Invoking the powers granted to the president by the Economic Stabilization Act of 1970, President Richard Nixon orders a 90-day nationwide freeze on all wages, prices, salaries, and rents.


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