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15 cards from this deck
1945-68
Post-1968
OAPEC embargo over US support for Israel (Yom Kippur War)
Iranian Revolution disrupting oil production
Stagnant growth + high inflation + high unemployment
Decline of manufacturing industries in US
Late 1960s, accelerated in 1970s-1980s
Industrial regions in NE & Midwest dependent on manufacturing
Increase in prices over time, reducing purchasing power
Wage and price controls
High interest rates
Japan and Germany
Value of imports exceeds value of exports
Stagflation (high inflation + unemployment)
1970s
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