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Published byLoren Shepherd Modified over 9 years ago
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1960 - 1995
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Boom, Bust, and Boom Again
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The Golden Years of the 1960s
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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
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Almost an Entire Decade
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Other Economic Factors in the 60s Unemployment Inflation
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Dismal Decade of the 1970s Recession – December 1969 – November 1970 – November 1973 – March 1975 – January 1980 – June 1980 – July 1981 – November 1982
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Unemployment through the Recessions
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Inflation through the Recessions
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Price Controls
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Inflation after Price Control
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News vs. Economists
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Globalization
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OPEC Oil Embargo
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Results of Oil Embargo
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Back to the Story
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Imports
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Worst Problem Productivity Slowdown
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Productivity
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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
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Productivity.
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Why Did All of This Happen?
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What went wrong in the 1970s Guns and Butter Story
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Here is another one
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What went wrong in the 1970s Guns and butter story Oil Prices did it story
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What went wrong in the 1970s Guns and butter story Oil Prices did it story Stop-Go Monetary Policy Story
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What went wrong in the 1970s
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New Challenges for the 1980s
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New Challenges for the 1980s and Beyond
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Ronald Reagan
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Budget Deficits
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Debt / GDP
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Worries in the mid-1980s
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Globalization Continued to be a Fear
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