<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>
Explanation:
Eli Whitney created the cotton gin. It was invented in 1793 and it was invented to make the cotton cleaning process easier. ... After, one person could clean 50 pounds of cotton a day with the Cotton Gin. It changed people's lives in a bad way because by producing more cotton required more slaves.
D. a tall, skinny schoolteacher with a huge appetite and a vivid imagination
