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(468)

When France Said 'Non' to Britain Joining Europe

When France Said 'Non' to Britain Joining Europe

When France stopped Britain joining Europe in the 1960s, the boy who set a record for continuously staying awake, the launch of the first iPhone, hands reaching out in friendship between Britain and Germany after the Second World War, and a notorious massacre during Algeria's bitter internal conflict of the 1990s.Photo: Charles de Gaulle, President of France, at a press conference on 14th January 1963 at which he said Britain was not ready to join the European Economic Community, now the EU (Credit: Central Press/Getty Images)

13 Jan 201849min

Boris Yeltsin's Surprise Resignation

Boris Yeltsin's Surprise Resignation

Mrs Yeltsin, on the day her husband shocked the world, half a century since the Mafia's grip on America was exposed, the 1999 protests in Iran - the biggest since the revolution - a student tells us how a photograph led to his death sentence and the Brazilian woman hijacker who took her kids along for the ride.

6 Jan 201849min

Kwanzaa - The African-American Holiday

Kwanzaa - The African-American Holiday

How Black activists invented a new holiday, flying around the world without refuelling, what not to do if you win a fortune, and the mountaineers who risked their lives climbing the spires of Leningrad during WW2. Then there's the obligatory Christmas board game - Trivial Pursuit.Picture: Children at the first Kwanzaa celebration - courtesy of Terri Bandele.

30 Dec 201749min

To Kill A Mockingbird

To Kill A Mockingbird

One of the most successful American films of all time was released on Christmas Day 1962. Based on the best-selling book by author Harper Lee, To Kill A Mockingbird starred Gregory Peck as a lawyer who stood against prejudice in the Deep South of the USA. Louise Hidalgo has been speaking to Gregory Peck's son Carey Peck.Plus, the life of Indian independence leader BR Ambedkar; a short-lived period of peace in Somalia under the Islamic Courts Union; the aftermath of the Cultural Revolution in China; and the invention of WiFi.Picture: Gregory Peck with Harper Lee in 1962 (Getty Images)

23 Dec 201751min

The Unsung Hero of Heart Surgery

The Unsung Hero of Heart Surgery

The African-American lab technician, Vivien Thomas, who pioneered surgery that saved millions of babies, Otis Redding remembered 50 years on from his tragic death, the killer smog of the 1950's London, the man brave enough to hypnotise Uday Hussein and the Australian Prime Minister - lost at sea.(Photo: Vivien Thomas, US Surgical Technician, 1940) (Audio: Courtesy of US National Library of Medicine)

16 Dec 201750min

British Withdrawal from South Yemen

British Withdrawal from South Yemen

Fifty years since Aden gained independence from Britain, plus an amazing discovery under the oceans, a celebration of Finnish independence, Russian art punished by the Bolsheviks and the building of Mount Rushmore's famous statues.Photo: Aden 1967 Copyright: Alamy.

9 Dec 201750min

The Poisoning of Litvinenko

The Poisoning of Litvinenko

In November 2006, the world was shocked by the murder in London of former Russian intelligence officer, Alexander Litvinenko. We hear from his widow Marina about his life and agonising death, and get an analysis of the case from Luke Harding, author of "A Very Expensive Poison". Also in the programme, an astonishing assassination plot during El Salvador's Civil War, a huge oil spill in Spain, and the purpose-built city in Siberia which was home to the Soviet Union's best scientists.(PHOTO: Alexander Litvinenko in a London hospital a couple of days before his death in November 2006. Credit Getty Images.)

2 Dec 201751min

The Siege of Mecca

The Siege of Mecca

The secret battle for the holiest site in Islam in 1979; the coup that changed the Vietnam war, plus an East German musical icon, prosecuting Charles Manson and Toy Story's digital revolution. Photo: Fighting at the Grand Mosque in Mecca after militants seized control of the shrine, November 1979 (AFP/Getty Images)

25 Nov 201750min

Populärt inom Samhälle & Kultur

mardromsgasten
podme-dokumentar
en-mork-historia
aftonbladet-krim
rattsfallen
p3-dokumentar
badfluence
creepypodden-med-jack-werner
skaringer-nessvold
nemo-moter-en-van
killradet
p1-dokumentar
flashback-forever
hor-har
rss-brottsutredarna
vad-blir-det-for-mord
rysarpodden
svenska-fall
larm-vi-minns
rss-sanning-konsekvens