In the early 1980's mortgage rates increased rapidly and so did the unemployment rate. The recession of the early 80's was one of the worst economic declines since the the Great Depression. In the 70's and 60's economists and policymakers believed that they could reduce the number of unemployed people with an increase in inflation. The government kept going through stop and go periods trying to lessen the high numbers of unemployed people and the inflation rates for a few years. The Fed then began to focus more on the money supply than high interest rates. Unemployment rates dwindled along with the substantially high interest rates. Interest rates were increased in attempt to lower inflation. In 1982 the efforts made by Volcker and others then
