1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldi70 [24.7K]
3 years ago
6

Explain the causes of stagflation in the 1970s in the United States, and describe its effects on Americans.

History
1 answer:
katovenus [111]3 years ago
8 0

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.

You might be interested in
Why did the Union want to control the Mississippi River and its tributaries?
SIZIF [17.4K]

Answer:

D

Explanation:

8 0
3 years ago
The women are often described through stage directions rather than through dialogue. How does this reinforce the role of women i
d1i1m1o1n [39]

Answer:

The lack of dialogue emphasizes women’s lack of voice and power. The specific stage directions highlight that the women are underestimated by the men. The lack of dialogue shows the lack of communication between men and women at the time. The stage directions suggest that the silenced women speak through subtle but important actions.

Explanation:

5 0
3 years ago
Read 2 more answers
List all the duties of the government in Sumerian city-states. Which of these duties do you think was the most important? Explai
Degger [83]

Answer:

1) appointment of officials

2) Government led military

3) enforcement of laws and collected

taxes

4)They built temples and made sure irrigation systems were maintained.

Explanation:

Sumerian were non-Semitic racial type that conquered southern Babylonia. Since, every civillization must have a system of government which will govern people and their behavior, The kings were the ruler of Sumerian city-states, of Which the Sumerians have the belief that this king were chosen by God's. Some of the duties of the

government in Sumerian city-states are;

✓appointment of officials

✓Government led military

✓enforcement of laws and collected

taxes

✓They built temples and made sure irrigation systems were maintained.

Among all these duties, the duties that was the most important is "Government led military" in which the king always lead the army in city-state’s. The city-state’s needed armies as a result of constant fighting because of land and use of water, infact the most important job of the king is in leading the army.

5 0
3 years ago
What is the primary holiday in Brazil
stiks02 [169]

Easter  ..................................                          

5 0
3 years ago
Describe what Mogollon pottery looked like and what it was used for.<br> Appearance:<br><br> Uses:
Ivahew [28]

Answer:

looks like pottery

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • 1)what does Zinn suggest are the real reasons the United States entered the war?
    14·1 answer
  • How do you best describe how the civil war came to an end?
    5·1 answer
  • Not an advantage which the north enjoyed over the south at the start of civil war
    8·2 answers
  • Why did the great awakening start colonists thinking that they can govern or rule themselves
    14·1 answer
  • In Texas, cities adopted the____ Form of government to reduce the influence of corrupt officials.
    12·2 answers
  • How long did it take to recover from the great depression?
    14·1 answer
  • Which conclusion is supported by the evidence in the timeline? (5 points)
    10·1 answer
  • It was against the law for what group to be educated?
    15·2 answers
  • Which was NOT one of Jefferson's goals as president? being frugal with government money limit the power of federal government li
    11·1 answer
  • PLEASE ANSWER FAST I WILL GIVE BRIANLIEST. why could the Greeks not create large empires like the Egyptians and the Persians? (w
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!