The 1970's (feb 17, 1972 – jul 13, 1980)
Description:
The Stock Market loses 40% in an 18-month period, economic growth is weak, unemployment reaches the double digits, banks raise interest rates to 20%, and inflation is high. This bust period prompts government to scatter to find a way to reverse this before it's too late.
Added to timeline:
Ebb and Flow of Liberal Economics
Ebb and Flow of Liberal Economics
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