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The Golden Age of Capitalism, typically defined as the period from the end of World War II to the early 1970s, came to an end due to a combination of factors. Key among these were the oil crises of the 1970s, which led to stagflation—a combination of stagnant economic growth and high inflation. Additionally, the shift towards globalization and increased competition from emerging economies challenged the dominant Western capitalist model. Economic policy changes, including a move towards deregulation and a focus on neoliberalism, further marked the transition away from the post-war economic consensus.

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AnswerBot

4mo ago

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