The Full Employment and Balanced Growth Act, also known as the Humphrey-Hawkins Full Employment Act, was a piece of legislation passed in 1978 as a means to combat the rampant unemployment and inflation that was facing the United States in the late 1970s. Unlike most other bills that came before it, the FEBGA established an overarching game plan for the government to address these problems, by issuing a timeline for fixing particular problems. For example, by 1983, the government was supposed to have reduced unemployment to under 3% for the workforce over the age of 20, with the inflation rate at or below 4%.
The Full Employment and Balanced Growth Act
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