USA economic recession (jan 1, 1973 – jan 1, 1975)
Description:
∼1973-1975Contributors:
- 1973 oil crisis
- deficits of the Vietnam War
- emergence of newly industrialized countries increased competition, causing steel crisis
- 1973-1974 stock market crash made recession evident
Added to timeline:
Date:
jan 1, 1973
jan 1, 1975
~ 2 years