PROTESTS ACTIVISM AND CIVIL DISOBEDIENCE 1954 1973
THE STUDENT MOVEMENT OF THE 1960S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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declining productivity of US workers and increased foreign competition
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increasing federal expenditure on the great society and the cost of Vietnam war
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laissez-faire economic policy and corporate tax breaks
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widespread cultural change and growing disapproval of government
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Detailed explanation-1: -In the 1970s, the world was unprepared for higher oil prices, cars were not fuel efficient and there were fewer alternatives to oil. In the 1970s, oil was more important to the world economy and had a bigger direct impact on inflation.
Detailed explanation-2: -The 1970s saw some of the highest rates of inflation in the United States in recent history. In turn, interest rates rose to nearly 20%. Fed policy, the abandonment of the gold window, Keynesian economic policy, and market psychology all contributed to the high inflation.
Detailed explanation-3: -An oil crisis contributed to a period of double-digit inflation in the 1970s. The 1970s are starting to trend – for all the wrong reasons. Today, prices for everything from gasoline to groceries are surging as the economy roars back from the pandemic recession.
Detailed explanation-4: -The increased spending for the war during the economic prosperity of the mid-1960s produced pressure on prices. Because economic policymakersfailed to institute corrective policies, inflation accelerated by the late 1960sand laid the basis forthe inflationary spiral of the 1970s.