Answer:
I believe is the Boomerang effect
Explanation:
Answer:
Causes of stagflation in 1970:
1. The increase of oil prices and consequent increase of gasoline prices this phenomenon is known as cost push inflation.
2. Higher level of unemployment
Explanation:
Stagflation is the lethargic economic growth, depicted in factors such as high unemployment, happening while there are high rates of inflation in a given economy.
In 1970 the United States economy experienced stagflation because the oil prices reached historical high prices increases the cost of gasoline as well. As oil is the main raw material for producing gasoline the increase of oil prices caused a cost push inflation.
Usually economist believed that inflation was desirable as it was caused by the increase of demand, which mean that employment was being generated and therefore the need for consuming more goods and services was a logical explanation of the increase in demand. However, during the 70's this increase was the result of an externality (the increase of oil prices). At the same time the levels of unemployment rose in that decade creating the stagflation of the United States Economy.
Your question is rather vague by just giving dates ... but I think I know what you might be looking for here. During the "antebellum" (before the Civil War) years and again in the years after the Civil War, there were strong movements by social activists that went against how society wanted to keep women and African Americans in "their place." Social reformers thought that the place assigned to women or to blacks was not at all right. They put forward better ideas of how black Americans and female citizens should have equal status with whites and with men in regard to political, social, and economic rights.
The activist movements from 1820 to 1848 and again from 1865 to 1898 didn't achieve all their goals in that time period, but they began to advance the causes of civil rights for blacks and women -- both movements which would continue into the 20th century.
