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1960 - 1995. Boom, Bust, and Boom Again The Golden Years of the 1960s.

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Presentation on theme: "1960 - 1995. Boom, Bust, and Boom Again The Golden Years of the 1960s."— Presentation transcript:

1 1960 - 1995

2 Boom, Bust, and Boom Again

3 The Golden Years of the 1960s

4 US Economy Grows 2%-2.5% per Year on Average 6.1% in 1962 4.4% in 1963 5.8% in 1964 6.4% in 1965 6.5% in 1966

5 Almost an Entire Decade

6

7 Other Economic Factors in the 60s Unemployment Inflation

8 Dismal Decade of the 1970s Recession – December 1969 – November 1970 – November 1973 – March 1975 – January 1980 – June 1980 – July 1981 – November 1982

9 Unemployment through the Recessions

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11 Inflation through the Recessions

12 Price Controls

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14 Inflation after Price Control

15

16 News vs. Economists

17 Globalization

18 OPEC Oil Embargo

19 Results of Oil Embargo

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21 Back to the Story

22 Imports

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25 Worst Problem Productivity Slowdown

26 Productivity

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30 1960-1964—productivity growth about 3% per year 1965-1969—productivity growth slowed to about 2.4% per year 1970-1974—productivity growth slowed to about 2.0% per year This continued down until the mid-1980s and remained low until at least the 1990s

31 Productivity.

32 Why Did All of This Happen?

33 What went wrong in the 1970s Guns and Butter Story

34 Here is another one

35 What went wrong in the 1970s Guns and butter story Oil Prices did it story

36 What went wrong in the 1970s Guns and butter story Oil Prices did it story Stop-Go Monetary Policy Story

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38 What went wrong in the 1970s

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41 New Challenges for the 1980s

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46 New Challenges for the 1980s and Beyond

47 Ronald Reagan

48 Budget Deficits

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50 Debt / GDP

51 Worries in the mid-1980s

52 Globalization Continued to be a Fear


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