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During the 1970's, the economy in the United States became stagnant. At the beginning of the decade, the U.S. was still recovering from the Vietnam War, the inflation rate was high, and unemployment was also at an all-time high. Add this to a worldwide energy shortage, the U.S. economy was a mess for most of that decade.
What else can I help you with?
How did the revolutionary war affect Americas economic situation?
it created economic problems.
What problems faced Ford and carter?
Carter and Ford both faced economic problems but neither could solve the problems.
What was the result of Thomas Jefferson's Embargo Act?
Economic problems in America
What is the President's major source of information and advice on the state of the economy?
council of economic advisers=]
What are The seven major economic and social goals of the US?
According to my textbook, the seven major economic goals that most Americans agree on are as follow: Economic freedom Economic efficiency Economic equity Economic security Full employment Price stability Economic growth
Why did the federal government begin to turn its attention away from the reconstruction in the south?
Major economic problems began to take hold in the 1870s.
Which factor played a major in China's economic growth since the late 1970s?
shifting from a command economy to a mixed economy
Why did economists invent the term stagflation to describe the economic problems in the US in the 1970s?
to describe a situation caused by a weak economy and rising prices
What was a major cause of the civil wars in many Central American nations in the 1970s and 1980s?
Economic differences between social classes
Why did economics invent the term stagflation to describe the economic problems in the US during the 1970s?
to describe a situation caused by a weak economy and rising prices
Why did economist invent the term stagflation to describe the economic problems in the US during the 1970s?
to describe a situation caused by a weak economy and rising prices
Why did economists invent the term stagflation to describe the economic problems in the US during the 1970s?
to describe a situation caused by a weak economy and rising prices
How did the war affects Americas economic situation?
It created economic problems .
Why did economist invent the term stagflation to describe the economic problems in the United States during the 1970s?
to describe a situation caused by a weak economy and rising prices
Why did economists invent the term stagflation to describe the economic problems in the united States during the 1970s?
to describe a situation caused by a weak economy and rising prices
What major problems did the US faced in the 21st century?
economic crash terrorism immigration
What are two major economic problems that have an effect on the nation and individual citizens?
Poverty and Crime
