Tag #1974 Recession

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Dow Hits 12-Year Low; Laffer Curve Meeting Precedes Market Rebound

On December 6, 1974, the Dow Jones Industrial Average hit a 12-year low of 577, marking a significant bear market bottom. That evening, a meeting between top Ford administration officials and economists resulted in Arthur Laffer sketching his curve on a napkin, illustrating how tax cuts can increase...

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