The general situation in the United States in the sixties of the twentieth century

1. Characteristics: There was a crisis in the 70s, and the economic status declined; In the 80s, adjustments were made, and the economic situation gradually improved;

2. Reason: The drawbacks of economic development are becoming increasingly apparent, and it has been severely hit by oil price increases; Inflation, heavy debt.

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Economic Historical Events: U.S. economic growth has seen a period that Western economists call the "Age of the Age."

Main content: The gross domestic product of the United States has developed from $523.3 billion in 1961 to $1,063.4 billion in 1971 after the development of the "first era".

Truman and Dwight D. Eisenhower focused on promoting production and consumption by solving the employment problem and maintaining a balanced budget. Kennedy and Johnson** put forward the "New Frontier" and "Great Society" platforms, respectively, which maximized fiscal policies with large deficits to reduce unemployment, promote economic growth, and reduce poverty.

Since the 60s of the 20th century, the US economy has gradually been controlled by the financial oligarchy, and the United States has gone into recession, from a country that strives to make progress, to a living by shearing "foreign wool" and exploiting other countries.

In the 70s of the 20th century, the US economy was in a stage of stagflation. After World War II to the 1970s, it was the first period of American capitalism. By the time Ford took office in August 1974, a situation of "stagflation" had already formed.

From 1975 to 1979, the U.S. unemployment rate generally declined steadily, but soon began to rise sharply.

Between 1973 and 1974, necessities such as grain, oil, and fishmeal soared. The oil crisis, coupled with the depreciation of the US dollar, led to a record high of 12% in 1974.

In August 1974, Ford took office in the United States**, and in the early days of his administration, he declared inflation to be the number one enemy of the United States.

Until Ford stepped down, the U.S. macroeconomic policy had been tight and loose, and the economy had been characterized by high unemployment and high inflation, that is, "stagflation".

Summary. The United States in the early 40s of the 20th century, that was during the Second World War. Although the United States was later involved in the war, the American homeland was not invaded. "It's unbelievable that the United States prospered so much during World War II. ”

In the 40s of the 20th century, New York has become a world-class city, leading the world's development trends, directly affecting the global economy, finance, politics, education, entertainment and fashion, and it still is. Many people know about New York's iconic buildings, such as Times Square, Wall Street, the Empire State Building, etc., which are enough to show New York's influence in the world.

In the early 40s of the 20th century, the United States was suspicious of the sparrows during the Second World War. Although the United States was later involved in the war, the American homeland was not invaded. It is hard to believe that the United States prospered during World War II. ”