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The 70's struggled with high inflation, slow business, and high unemployment. This is where the term stagflation came from to describe the economy in the 1970's.
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The U.S. had a bear market between these two dates, then in October of 1973 an oil crisis broke out forcing the economy into a recession.
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Inflation Rate, Consumer Spending, Gross Domestic Product, Unemployment Rate, and Interest Rate all affect the economic events during the span of 1976-1995
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Over time, the population of people has gone up, making more jobs, which causes a growth in consumer spending. Also, people have saved less and less and are spending a higher percentage of their income.
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The amount of product is continuing to increase steadily each year of this time. It starts at 5.73 trillion and ends at 10.28 trillion.
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In the late 1970's, the Dow Jones went up from 1,000 to 11,000 due to low inflation and interest rates, causing many Americans to gain substantial wealth.
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Prices were rising fast. Inflation was at an all time high. This was due to the Oil Crisis, Government spending, and higher wages.
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There were high inflation rates, supposedly due to oil prices, which led to high interest rates, even up to 20% which led to a recession
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business bankruptcies up by 50 percent. The 80's was offically in a recession due to the bad economy in the 70's.
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Interest rates spiked because when the economy is good, the interest rates go up, and with the proposed Reganomic by Reagen, the economy was supposed to get better
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In 1982 unemployment was at 9.7% and was decreasing to its lowest point at 1989 at 5.3%. After this year its begain to increase all the way to 1995 ending with 5.6%
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The economy had been in a recession for a while, but in 1991 the economy finally started to pick up again and the GDP started to grow at a steady rate.
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This was an economic recession that happened in the 1990's. It contributed to George H.W. Bush's re-election defeat that took place in 1992.
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With the fall of the Soviet Union and Eastern European communism in the early 1990's, trade opportunities expanded greatly.