Stagflation (1 сент 1973 г. – 1 март 1982 г.)
Описание:
Stagnant Inflation (Nixons fault)- increased fed spending
- International competition
- Org. of petrolium exporting countries (OPEC), US not prepared to find own oil, dependent on OPEC
- Deindustrialization
- Workers lack skills
- Inequality of wealth and income
*Nixon failed to slow inflation, higher interest rates, freeze on wages, prices rise 12%
Добавлено на ленту времени:
Дата:
1 сент 1973 г.
1 март 1982 г.
~ 8 years and 6 months