1970s economic crisis?

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1970s economic crisis?

What were the causes of the worldwide economic crisis of the 1970's an '80s? Could anything have been done to prevent it?

2006-08-13 07:46:57 · 2 answers · asked by Anonymous in Education & Reference ➔ Homework Help

2 answers

oil is the answer. also there was a crunch on labor 'cause of the greed of labor unions. the conflict in viet nam ended and the industrial complex had to slow down from feeding the war machine. imported products started invading our markets. also check what wall street was doing...

2006-08-13 07:55:23 · answer #1 · answered by mycle1000 5 · 0⤊ 0⤋

Jimmy Carter

2006-08-13 08:36:28 · answer #2 · answered by The Big Shot 6 · 0⤊ 0⤋