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Ulleksa [173]
3 years ago
11

30 POINTS!!! What were the social concerns of the 1970s?

History
1 answer:
defon3 years ago
4 0
<span> Stagflation, price control. Keynesian policies were failing. The oil crisis showed the stupidity of price controls. The stagflation showed that an increase in the money supply does not increase wealth.
In the 70s we still had Vietnam, we had Nixon, there was Watergate, Gerald Ford, Paul Volcker raising interest rates to 20% in the Federal Reserve, government bailing out Chrysler. </span>
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