2007-05-23 15:23:39 · 2 answers · asked by Anonymous in Social Science ➔ Economics
Time series data on inflation, GDP growth interest rates unemployment etc is at http://www.economagic.com/
What happened was OPEC, the baby boomers and the woman entering the work force producing big increases in the work force every year, government deficits, and loose monetary policy. Median wages have remained stagnant since 1973 and we never again had the economic performance of the post WWII boom. Most of the European countries also had problems after the mid 70's also, but Asia has done well since then.
2007-05-23 19:41:53 · answer #1 · answered by meg 7 · 0⤊ 0⤋
About the mid 70's there was gas rationing. If your last digit of your license plate was even lets say for example purposes, then you could get fuel on Mon, Wens, and Fri. If it was odd then you could fuel up on Tues., Thurs., and Sat. Inflation was pretty high. You could try to google "the economy of the 1970's" and see what that brings up. Good Luck!
2007-05-23 15:30:55 · answer #2 · answered by waodepi1928 2 · 0⤊ 0⤋