Senator James Fullbright’s Unnamed Bill
On November 7, 1973, U.S. Senator James Fulbright introduced a brief, one-page bill without even a name. Despite its simplicity, this legislation became one of the most significant in American history. Fulbright’s bill came two years after the 1971 “Nixon Shock,” when President Richard Nixon imposed wage and price controls and ended the U.S. dollar’s …