Congress deregulated a number of businesses, notably trucking and aviation, in the middle of the 1970s. This assertion is true.
The Richard Nixon administration was the source of the first comprehensive plan to deregulate a significant industry, transportation, which was sent to Congress in late 1971.
Early 1980s financial deregulation aimed to assist depository institutions, particularly the thrift sector, but it also changed the market's makeup.
Economic deregulation is when the government eliminates or scales back regulations in a certain sector to enhance corporate practices and boost competitiveness. When companies protest that a restriction is impeding their capacity to compete, the government will eliminate the regulation.
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