The 1970s crisis in the U.S., marked by economic challenges such as stagflation, energy shortages, and rising unemployment, led to a significant shift in economic policy and political sentiment. The crisis prompted the abandonment of Keynesian economics in favor of supply-side policies, culminating in the election of Ronald Reagan in 1980. Additionally, it fostered a growing skepticism toward government intervention and a focus on free-market solutions. This period also saw increased social unrest and a re-evaluation of America's role in the global economy.
There were long queues of cars before the petrol stations. At least one person was killed.
it increased over the years, except for one significant period of decline in the mid- 1970s and another decline from the late 1970s into the 1980s.
Which theme best describes American hi until 1877?
the event that best illustrated the policy of detente was?
political
The Soviet Union eventually dismantled the missile sites in Cuba.
There were long queues of cars before the petrol stations. At least one person was killed.
There were long queues of cars before the petrol stations. At least one person was killed.
The 1970s oil crisis led to significant economic repercussions in the United States, including widespread inflation and a recession due to skyrocketing fuel prices and fuel shortages. It prompted a shift towards energy conservation and the development of alternative energy sources, as well as increased interest in domestic oil production. Additionally, the crisis spurred changes in U.S. energy policy, including the establishment of the Department of Energy and the implementation of fuel economy standards for vehicles.
the democrats had majorities...
sensational
sensational
The 1970s oil crisis led to significant economic repercussions in the United States, including widespread inflation and a recession. It prompted a shift in U.S. energy policy, increasing focus on energy conservation and alternative energy sources. Additionally, the crisis resulted in a heightened awareness of the country's dependence on foreign oil, ultimately spurring efforts to increase domestic production and fuel efficiency standards in vehicles.
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sensational
Brazil's economy grew at a very rapid rate
Brazil's economy grew at a very rapid rate.