In 3–5 sentences, describe the purpose of President Ford’s “Whip Inflation Now” campaign.

(4 points)

President Ford’s “Whip Inflation Now” campaign was launched in 1974 in an effort to combat the high inflation rates that were plaguing the economy at the time. The campaign aimed to encourage people to cut back on spending, save money, and reduce their consumption of goods and services to slow down inflation. Through slogans like “WIN buttons” and programs such as voluntary wage and price controls, the campaign sought to create a sense of national unity and collective effort in combating inflation. Ultimately, the goal was to stabilize the economy and restore confidence in the American dollar.