INFLATION:
In the early 60’s, prices were stable and were not rising quickly. Kennedy, however, wanted to stimulate economic growth and reduce unemployment; both usually not occurring at the same time without inflation. His policy worked at the beginning but starting 1965, inflation reached an annual increase of 4,5% every year until 1970. The principal reason of this instability was the war in Vietnam because the government was spending more money than they had to finance the different aspects of the war. To slow down this inflation, Johnson had to set up an increase of taxes (about 10 billion dollars) and reduce his spending of about 6 billion dollars. This swinging economy affected the American society in the way that the inflation affected the US economic growth and people were more careful about their spending. It also showed the beginning of the Johnson administration’s breakdown.

THE ECONOMY:
The American economy was swinging during the 60’s. It started at a culminant point but gradually declined a little bit every year. The dollar went through two crises in 1963 and 1968, which left the United States dollar in poor shape. The inflation was rising and it affected the economic growth at the same time. During this decade, the United States tried to improve its trade with other nations, especially European’s one. Also women became an important part of the economic system which helped to fight against poverty because they then were able to earn money for their family too. African Americans were also begun taking action in the economic growth. The US economy during this decade had seen some positive and negative points but even though Kennedy’s and Johnson’s goals were not fully reached, the society and the government were trying as hard as they can to improve the situation.

INTRODUCTION
The sixties was a time of great rebellion among the baby boomer generation. We chose the swinging sixties because everything in this era was escalating and declining due