What strategies did Gerald Ford use to address the worsening economy?
1. Ford implemented measures to combat inflation, including wage and price controls to help stabilize prices.
2. He also worked to stimulate economic growth by cutting taxes and increasing government spending to create jobs and boost consumer confidence.
3. Ford pursued a policy of deregulation to remove barriers to economic growth and promote competition in industries such as transportation and energy.
4. Additionally, Ford sought to reduce government spending and the budget deficit to help improve the overall economic outlook.
5. Ford also pushed for increased trade agreements and export opportunities to help stimulate economic growth and generate new markets for American goods and services.
Overall, Ford focused on a combination of monetary policy, fiscal policy, and deregulation to address the worsening economy during his presidency.