aug 15, 1970 - Deregulation

Description:

Deregulation is the removal of regulations or restrictions, especially in an industry.

Beginning in the 1970s, evidence of inefficiency in regulated industries and the contention that the government was regulating potentially competitive industries contributed to a wave of deregulation. Studies reveal that deregulation of formerly regulated industries is contributing to more than $50 billion annually to society’s well-being through lower costs, lower prices, and increased output.

Added to timeline:

Date:

Images: