Price controls such as those instituted by President Richard Nixon in 1971 led to severe shortages in many markets across the United States.

Name: Price controls such as those instituted by President Richard Nixon in 1971 led to severe shortages in many markets across the United States.
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Price controls set by Nixon in 1971 led to shortages in a number of markets including meat, milk, and gasoline. The controls were eventually lifted in 1974.

Price Controls Such as Those Instituted by President Richard Nixon