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5 Cards in this Set

  • Front
  • Back

domestic policies: Family Assistance Planning

attempted to replace different Great Society benefits with direct $1,600 grant to poor families - rejected by Congress

Great Society spending

increased spending on social programmes introduced by Great Society

economic policies: wage & price freeze

90 days; reduced income tax to encourage purchase of consumer goods

Pay Board

kept wage increases down to 5.5%; Price Commission limited pay increase to 2.5%

Dollar devaluation

Price Commission; temporary boom