The primary factor contributing to inflation in the U.S. during the 1970s was the combination of oil price shocks and supply chain disruptions. The 1973 oil embargo, imposed by OPEC, led to skyrocketing fuel prices, which in turn increased transportation costs and affected the prices of goods across the economy. Additionally, accommodating monetary policies and wage-price controls further exacerbated inflationary pressures, resulting in stagflation—characterized by stagnant economic growth and high inflation.
high inflation during the 1970s
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
Inflation and Unemployment was high! :)
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
Is it about the oil prices.
high inflation during the 1970s
Inflation
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
Man
Inflation and Unemployment was high! :)
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
The preditors such as the bear, fisherman, alagator, and crocidile contributed to the fish population dying during the 1970s.
oil embargo
traditional lifestyle
traditional lifestyle
traditional lifestyle
The 1970s saw a rise in activism and social movements, as Americans grappled with issues such as civil rights, the Vietnam War, and economic instability. The popularity of disaster movies and dystopian films also reflected a sense of anxiety and uncertainty prevalent during this decade. Additionally, the oil crisis and high inflation rates contributed to a general feeling of unease among many Americans during the 1970s.