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The Great Depression of the 1960s is often misunderstood; the term is more accurately associated with the economic downturn of the 1930s. However, if referring to economic challenges in the 1960s, one major factor was the persistence of inflation combined with stagnant economic growth, known as stagflation. Additionally, the burdens of the Vietnam War and rising oil prices contributed to economic instability during that period.

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2w ago

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