Inflation and the cost of living
The History Hour27 Elo 2022

Inflation and the cost of living

A compilation of witness accounts from when inflation and the cost of living were seriously affecting people's lives, among other topics.

In 1971, inflation was a huge problem in the USA so the President, Richard Nixon, made one of the most drastic moves in economic history; abandoning the Gold Standard. It became known as the 'Nixon Shock' and nearly caused a trade war between America and its allies. But, it also saved the US economy from a crisis. Ben Henderson spoke to Bob Hormats, an economic adviser in the Nixon administration, who was at the heart of decision-making.

In 1997, Bulgaria was in financial meltdown with hyperinflation making money worth a lot less. The country had emerged out of communism following the fall of the Soviet Union in 1989. Like other post-Soviet regimes, the country found the transition from communism to capitalism harder than expected. The President of Bulgaria, Petar Stoyanov, knew he had to do something and a recovery plan from one of Ronald Reagan’s key economic advisers was on the table. But would it work? Matt Pintus has been speaking to Steve Hanke, an economics professor.

In January 1980, Indira Gandhi's Congress (I) party was voted into power in India. Before the election, inflation meant that the cost of onions was unaffordable for many Indians. The price of the vegetable became a political hot potato in the election campaign. Reena Stanton-Sharma spoke to Suda Pai, a former Professor of Political Science at Jawaharlal Nehru University, Delhi.

In 2012, Syrian government soldiers surrounded Darayya, a suburb of Damascus, bombing buildings and searching for people who had spoken out against President Assad. Hundreds of people died over four days in what was described by activists as a “massacre”. Mohamad Zarda has been speaking to Laura Jones.

It has been 40 years since the first Gay Games were held in San Francisco in 1982. Attracting a large crowd and featuring more than 1,000 athletes from more than 100 countries, the event was organised by a group of LGBT activists, including former Olympians, to raise awareness of homophobia in sport. The Gay Games are now held every four years at venues around the world. In 2019, Ashley Byrne spoke to organiser Sara Waddell Lewinstein and athlete Rick Tomin. A Made in Manchester production for BBC World Service.

(Photo: President Richard Nixon with his economic advisers in 1971. Credit: Bettmann via Getty Images)

Jaksot(468)

The Man Who Inspired Britain's First Aids Charity

The Man Who Inspired Britain's First Aids Charity

The first man in Britain to die of AIDS, whale hunting in the South Atlantic in the 1950s, how Norway voted not to join the EU, the American adventurer who inspired the Indiana Jones stories, and Saddam Hussein's draining of Iraq's southern marshes in a bid to flush out his opponents.Picture: Terrence Higgins (Courtesy: Dr Rupert Whitaker)

1 Joulu 201850min

The 'Braceros' - America's Mexican Guest Workers

The 'Braceros' - America's Mexican Guest Workers

From 1942 to 1964 the US actively encouraged American farmers to hire tens of thousands of migrant workers to come to work legally from Mexico - they were known as 'braceros'; also, when Moscow invited thousands of foreign students to attend an International Youth Festival in the former USSR; a witness to the funeral of the Duke of Wellington; plus Arafat's final weeks and why was JKF's killer allowed to defect to the Soviets?Photo: A group of Mexican Braceros picking strawberries in a field in the Salinas Valley, California in June 1963 (Getty Images)

24 Marras 201850min

Japanese Murders in Brazil

Japanese Murders in Brazil

How Japanese immigrants in Brazil fell out with each other after the end of the WW2, how Britain helped to get disabled people on the road in the 1940s plus life for Jews under Imperial Russia, the victims of Brazil’s military dictatorship in the 1970s and the American embassy hostage crisis in Tehran.

17 Marras 201850min

The End of World War One

The End of World War One

11th November 1918 saw the end of a four year war that had killed an estimated 20 million soldiers and civilians around the world. We hear eyewitness accounts of the conflict which was fought by many nations, on many continents. The historian, Professor Annika Mombauer joins Max Pearson to discuss the devastating war that changed the world. Photo: Crowds in London celebrate the signing of the Armistice on 11th November 1918 (Topical Press Agency/Getty Images)

10 Marras 201851min

When Russia's Richest Man Was Jailed

When Russia's Richest Man Was Jailed

Russia's struggles with big business, when Nigeria struck oil, why Maximilian Kolbe was made a saint, the London arrest of Chilean dictator Augusto Pinochet and Desmond Tutu.Photo: former head of Yukos Mikhail Khodorkovsky leaving the courtroom in Moscow, Russia, September 22, 2005. Credit: Sovfoto/UIG via Getty Images

26 Loka 201850min

The Nazi Black Book

The Nazi Black Book

The Nazi black book, a list of those to be arrested and dealt with if Germany occupied Britain, privation in wartime and Allied-occupied Austria, racial tension in 1940s Sweden, plus how Britain's Labour party moved against hereditary peers in the House of Lords in the 1990s.

26 Loka 201849min

When Belgium Banned Coca Cola

When Belgium Banned Coca Cola

A strange illness strikes Belgian teenagers, Brazil's forgotten Amazon war, diverting Mount Etna's lava, arguments over aid and trade in the UK, and the 1973 oil crisis.(Photo: A poster saying 'out of order' is stuck on a Coca Cola vending machine in Mouscron, Belgium in 1999. Credit: Philippe Huguen/AFP/Getty Images).

20 Loka 201851min

The Street Battle That Rocked Brazil

The Street Battle That Rocked Brazil

In October 1968, students from two neighbouring universities in the centre of São Paulo clashed in a battle which left one dead and many injured. We hear how the so-called 'Battle of Maria Antônia' drove Brazil deeper into a military dictatorship which is still controversial to this day. Plus, a pioneering race relations case in Britain during World War 2, the invention of artificial skin and fashion in the Soviet Union.Photo: the 'Battle of Maria Antonia', São Paulo, 1968. Credit: Agência Estado/AFP

6 Loka 201850min

Suosittua kategoriassa Yhteiskunta

olipa-kerran-otsikko
i-dont-like-mondays
sita
siita-on-vaikea-puhua
aikalisa
rss-ootsa-kuullut-tasta
kaksi-aitia
joku-tietaa-jotain-2
poks
antin-palautepalvelu
yopuolen-tarinoita-2
kolme-kaannekohtaa
ootsa-kuullut-tasta-2
mamma-mia
lahko
meidan-pitais-puhua
terapeuttiville-qa
rss-murhan-anatomia
isani-on-terapeuttiville
loukussa