1970-1980: The Great Inflation Of The 1970

The economy began to recover in 1983 and was surging in 1984. Unemployment and interest rates dropped, allowing more Americans to buy homes and cars (Moss & Thomas, 2013, p. 236). Inflation dropped to four percent, the lowest since the early 1970s. Americans were earning more money, and oil prices were dropping, making fuel more affordable (Moss & Thomas, 2013, p. 236). “Economic growth generated 18 million new jobs and tripled the price of stocks by 1990” (Moss & Thomas, 2013, p. 236).

Between 1945 until 1973, America underwent the Golden Age for the middle class. During this period, the country ended a major war and the great depression, which made the financial climate conducive for the middle class. A substantial increase

In the 1990's America saw more poverty than ever before. The increase in the manufacturing business helped by creating more jobs for workers. These workers then received benefits from working.(Cooper 981).

In 1982, investments and banks failed leading in a recession; the worst recession since the 1930’s during the Great Depression. Unemployment skyrocketed to 11 percent as compared to the usual unemployment rate which is normally 8 percent or under. Fortunately enough, a fall in oil prices prevented the double-digit inflation rate similar to that of the late 1970’s by lowering it to 4 percent. The policies of ‘Reaganomics’, mainly centered around cutting government spending and tax cuts, are what improved and

One of the American population’s major concerns when Carter became president was rapidly rising inflation, as well as rising unemployment. Despite his promises when campaigning for presidency, his legislations did little to help the economic situation, that is if they even made it through Congress. This left many people wondering ‘can Carter cope?’ The rate of inflation had risen even higher

In 1978, the economy started suffering in the US, because the middle class was getting weaker, and inequality started increasing. According to Reich, the middle class is directly associated with the economy, because 70 percent of the economy is summoned up of consumer spending. The middle class is the foundation of consumer spending. In the late 1970’s and early 1980’s, wages

Economically the 1970s proved to be a turbulent time for the United States. The U.S had been involved in a long and unpopular war in Vietnam since 1965. In 1968, Richard Nixon defeated Democratic Vice-President Hubert Humphrey in one of the closest elections in U.S. history (REF). Nixon eventually achieved a peace agreement to end U.S. involvement in Vietnam, but domestically, his policies damaged the economy. In 1971, Nixon imposed wage and price controls in an attempt to curb inflation, ended the U.S.’s last ties to the gold standard, effectively devalued the dollar, and imposed a 10

Of all the decades in the history of the United States, few experienced comparable growth to that of the 1920s and 1990s. I believe these two decades, while 70 years apart, display similarities in terms of economic growth, and subsequent downturn. While there can be no real obvious similarities between entire decades, economic similarities are apparent but not identical in timeline or structure, and can be found by looking at the behavior of each period’s respective stock markets and that of their consumers. Over the next few pages I intend to discuss some of the key highlights of these decades and compare their economic and political similarities. The main similarities between the 20s and 90s can be found by looking at the behavior of

The Great depression and the recession both had an rise in unemployment , in 1920 the percent was an average of 6.8 percentage per year. Today the unemployment is 5.6 percentage points per year. That's just one - third of the average annual increase during the Great depression. The percentages were and still os important by telling how the economy was dropping in people being unemployed. The higher the rates in

With all the changes happening in economy during the late 1970’s through the 1980’s how did this make the

The Great Depression, which for the most part is considered to have started in October 1929 with the stock market crash, changed the way America worked. Toward the end of the Roaring Twenties when stock markets and the economy took off, the crash seemed unavoidable everything considered. A more significant number of goods were being manufactured than were wanted, and without individuals to get them, jobs vanished. The occasion was a piece of a winding that finished with the creation of materials for World War II. Deflation, the inverse of inflation, happens when the fundamental value of money goes up. At the point when excessively numerous merchandise is accessible, the cost goes down, so the money essentially is worth

The sources of the American economic recovery during the 1980’s and 1990’s were several different factors. President Reagan had an economic plan based on “supply side” would cut taxes, promote investments and encourage a longer workday. Deregulation by benefiting working class in making air travel and the telephone use much cheaper. The Technological growth of these two decades changed daily life for all Americans, as information was now readily available through the Internet and World Wide Web. Personal computers, cellphones, videocassette recorders, compact disc players and facsimile machines are readily available to the public.

The 1970s can be best understood as a transitional period in America. Starting in the 1950s, the power of the youth was on the rise, through civil rights activism and anti-war protests. This decade’s ideal citizen seemed to be the person helping others. Then the 1980s are more financially centered and individualistic. This decade’s ideal citizen is the one who measured success by how much money they made. The 1970s proved to be a time of bitterness, cynicism, and increased interest in one’s self for most of the people in America. Some of the events that contributed to this were the Kent State Massacre, Roe v. Wade, and the economic stagflation that happened in the latter part of the decade.

The first and perhaps the main one is the steady increase that, since about 1975, has been occurring in the unequal distribution of income. Between 1935, when the New Deal of President Roosevelt began to generate a clear economic recovery, and the late 1970s, most Americans had the feeling that their own standard of living was increasing and that their children would have better opportunities that they had. In the 1980s, President Reagan to the new problem of stagflation (which combines high levels of prices and unemployment) by changing the tax system so that employees attended a dramatic increase in their monthly contributions to finance faced Social Security, while taxes levied on corporate income and capital were reduced. In the decades

The rises in interest rates cause difficult for businesses, especially small and medium sized ones to access capital, forcing them to