Inflation and the cost of living
The History Hour27 Aug 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)

Avsnitt(469)

Dealing with economic crisis

Dealing with economic crisis

As the world begins to consider how to emerge from the Coronavirus pandemic, we look back at economic crises of the past and how countries have responded to them. Max Pearson hears about America's "New Deal" in the 1930s, South Korea's transformation in the 1950s and Chile's "miracle economy" of the 1970s. Plus, Tanzania and its African form of socialism, and economic shock therapy in Russia in the 1990s.PHOTO: President Franklin D Roosevelt in 1935 (Getty Images).

27 Juni 202050min

Sex trafficking and peacekeepers

Sex trafficking and peacekeepers

How whistle-blowers implicated UN peacekeepers and international police in the forced prostitution and trafficking of Eastern European women into Bosnia in the late 1990s.Plus, how Swiss psychiatrist Elisabeth Kübler-Ross changed the way we think about death and dying when she developed her Five Stages of Grief; Beethoven's role in China's Cultural Revolution; the "friendship train" between India and Bangladesh; and the controversial teaching exercise which segregated children by whether they had blue or brown eyes.Picture: the United Nations Peacekeeping Force patrols the Bosnian capital Sarajevo in March 1996 (Credit: Roger Lemoyne/Liaison/Getty Images)

20 Juni 202049min

Black American History Special

Black American History Special

Eyewitness accounts of important moments in recent African American history. We hear from the daughter of the man named in the court case which became a turning point in the battle for civil rights, plus the sister of a teenage girl killed in a racist bomb attack. We hear how the winning performance of an all-black basketball team helped change America's attitude to segregation in sport. Plus Rodney King whose attack by police in 1991 was caught on camera and seen by millions - the later acquittal of the officers sparked days of rioting. Finally we hear from Bilal Chatman who was sentenced to 150 years in prison under the 1994 'three strikes law' which disproportionately affected black Americans. Putting it all into context, presenter Max Pearson talks to Professor Gloria Browne-Marshall of John Jay College of Criminal Justice.

13 Juni 202050min

The Zanzibar revolution

The Zanzibar revolution

How a bloody 1960s revolution changed East Africa. We hear an eyewitness account and talk to Professor Emma Hunter of Edinburgh University. Plus the birth of ecotourism in Costa Rica, the post-war origin of the World Health Organisation, the man who created the world's first portable defibrillator, and remembering the artist Christo.PHOTO: Ugandan revolutionary and self-styled Field Marshal John Okello (1937 - 1971), leader of the Afro-Shirazi anti-Arab coup in Zanzibar, circa 1964. (Photo by Pix/Michael Ochs Archives/Getty Images)

6 Juni 202051min

The Gwangju massacre

The Gwangju massacre

Forty years on from the Gwangju uprising in South Korea, the book that changed the way we eat, plus the dangers of being a Congolese conservationist. Also, revealing accounts of British wartime leader Winston Churchill from his doctor, and the pioneering African-American dress designer who designed Jackie Kennedy's wedding dress.Photo: soldiers beating men in Gwangju in May 1980. Credit: 5.18 Memorial Foundation/AFP via Getty Images

30 Maj 202049min

Britain's World War Two crime wave

Britain's World War Two crime wave

During times of crisis in the UK, World War Two is often remembered as a period when the country rallied together to fight a common enemy. But as Simon Watts finds out from the BBC archives, there was a crime wave during the war years, with a massive increase in looting and black marketeering. Also in the programme, the first 3D printers, plus a black policeman recalls the 1980 Miami riots, Hong Kong's city within a city and explaining autism.PHOTO: A government poster from World War Two (Getty Images)

23 Maj 202049min

Fighting for the pill in Japan

Fighting for the pill in Japan

Why Japanese women had to wait until 1999 to be allowed to take the pill, the Dutch 'Prince of scandal', plus the flatulent fish that prompted a Cold War scare, the first helpline for children and the joy of being liberated from Nazi occupation on The Channel Islands. (Photo: A collection of contraceptive pills. Getty Images)

16 Maj 202050min

VE Day Special

VE Day Special

Eyewitness accounts of the fall of Nazi Germany and the end of the Second World War in Europe. Using unique interviews from the BBC's archives we bring you men and women who fought in the battle for Berlin, and some of those who were with Hitler in his final days. We present the story of a German woman who survived the start of Soviet occupation, and we meet the historian whose 1995 exhibition challenged Germans' view of the war. Plus the sounds of VE Day in London, 8th May 1945, as reported by the BBC at the time. Putting it all into context, presenter Max Pearson talks to Dr Mary Fulbrook, Professor of German History at University College London and author of the award winning book "Reckonings" about the aftermath of the war and the quest for justice.(Photo by ullstein bild via Getty Images)

9 Maj 202053min

Populärt inom Samhälle & Kultur

mardromsgasten
podme-dokumentar
p3-dokumentar
en-mork-historia
aftonbladet-krim
badfluence
rattsfallen
nemo-moter-en-van
skaringer-nessvold
creepypodden-med-jack-werner
killradet
blenda-2
flashback-forever
hor-har
kod-katastrof
vad-blir-det-for-mord
aftonbladet-daily
varvet
rysarpodden
p3-dystopia