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)

Deaf Rights Protest

Deaf Rights Protest

A landmark protest by deaf students in the US; the early fight for women's reproductive rights; the life and times of political thinker, Hannah Arendt; language and history in Azerbaijan, and Wonder Woman.Picture: Student protestors, courtesy of Gallaudet University in Washington DC

10 Maalis 201850min

China's Barefoot Doctors

China's Barefoot Doctors

How China's barefoot doctor scheme revolutionised rural healthcare; plus M*A*S*H, the ground-breaking American TV show that taught a generation about war; the assassination of the Swedish prime minister Olof Palme; the German and Russian soldiers who fought on the Eastern Front in the First World War; and the Angel of the North, a huge steel sculpture that has become an icon for the north-east of England.Picture: Gordon Liu

3 Maalis 201851min

The Boy in the Bubble

The Boy in the Bubble

How a young boy lived with a rare genetic disorder; plus "Ghana Must Go" - when 1 million Africans were expelled from Nigeria, battling the last major smallpox epidemic in India, reporting the Jimmy Swaggart scandal and the story behind the acclaimed novel "Infinite Jest" (Photo: David Vetter and his mother Carol-Ann Demaret Credit: Carol-Ann Demaret)

24 Helmi 201849min

Women's Rights In Iran

Women's Rights In Iran

We hear from Mahnaz Afkhami, Iran's first ever minister for Women's Affairs, appointed in 1975. Plus, the so-called "headscarf revolutionaries" who fought for improvements in Britain's notoriously dangerous fishing industry, a member of the Viet Cong recalls one of the biggest battles of the Vietnam War, finding the lost notebooks of Leonardo Da Vinci, and the 1970s lesbian separatist movement in America.Photo: Mahnaz Afkhami at the UN in 1975. (Mahnaz Afkhami)

17 Helmi 201850min

The Munich Air Disaster

The Munich Air Disaster

The plane crash that killed eight of Manchester United's top players, the courage of the British Suffragettes, uncovering South Africa's nuclear secrets, plus tracking down Nazis in South America and the attack on a South Korean airliner ahead of the Seoul Olympics.(Photo: Plane wreckage at Munich airport - AFP/Getty Images)

10 Helmi 201850min

The Tet Offensive

The Tet Offensive

In January 1968, North Vietnamese troops and Viet Cong guerrillas launched a huge surprise attack on towns, cities and military bases across South Vietnam. The events of the Tet offensive had a profound impact on American public opinion and marked a turning point in the war. Plus the roots of the Rohingya crisis, the birth of gospel music, Ireland's Bloody Sunday, and the end of corporal punishment in Britain.Photo: Julian Pettifer reporting under fire near the Presidential Palace in Saigon, 31st January 1968 (BBC)

3 Helmi 201850min

The Capture of the USS Pueblo

The Capture of the USS Pueblo

When North Korea and the US came close to war in 1968; plus Salvador Dali, re-creating Francis Bacon's studio, the first veggie burger and the origins of Lego Photo: Members of the USS Pueblo's crew being taken into custody. Credit: Korean Central News Agency/Korea News Service

27 Tammi 201850min

Truth And Reconciliation in South Africa

Truth And Reconciliation in South Africa

After Apartheid was abolished in the 1990s, South Africa set up a Truth and Reconciliation Commission to try to confront the legacy of its brutal past. We speak to Justice Sisi Khampepe, who served on the Commission. Plus, the inspiring story of the disabled Irish author, Christoper Nolan; an inside account of two of America's most famous presidential speeches; and the role of British women in World War I.(PHOTO: Pretoria South Africa: President Nelson Mandela (L) with Archbishop Desmond Tutu, acknowledges applause after he received a five volumes of Truth and Reconciliation Commission final report from Archbishop Tutu. Credit: Getty Images.)

20 Tammi 201850min

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