-
76.5%
-
5.6%
-
The 1970s energy crisis was a period when the major industrial countries of the world, particularly the United States, Canada, Western Europe, Japan, Australia, and New Zealand, faced substantial petroleum shortages, real and perceived, as well as elevated prices. The two worst crises of this period were the 1973 oil crisis and the 1979 energy crisis, when the Yom Kippur War and the Iranian Revolution triggered interruptions in Middle Eastern oil exports.
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In response to rising unemployment levels in the 1970s, Representative Augustus Hawkins and Senator Hubert Humphrey created the Full Employment and Balanced Growth Act. It was signed into law by President Jimmy Carter on October 27, 1978, and codified as 15 USC § 3101[permanent dead link]. The Act explicitly instructs the nation to strive toward four ultimate goals: full employment, growth in production, price stability, and balance of trade and budget.
-
4.9%
-
44.4
-
$6,741
-
9%
-
The 1973–74 stock market crash caused a bear market between January 1973 and December 1974. Affecting all the major stock markets in the world, particularly the United Kingdom, it was one of the worst stock market downturns in modern history
-
12%
-
59.5%
-
49.3
-
.5%
-
$7,242
-
5.6%
-
6%
-
75.6%
-
53.8
-
.2%
-
$7,820
-
In the United States, the economic recovery from the 1973 to 1975 recession had many of the characteristics of a typical U-type recovery. GNP (the measure at the time) reached and exceeded its pre-recession level by first quarter 1976. Industrial production had recovered to its pre-recession levels by the end of 1976
-
8.5%
-
87.0%
-
7.7%
-
6%
-
56.9
-
Gas prices in 1976 start to rise and end the year at .59 cents 3 cents higher than the 1975
-
5.4%
-
$8,611
-
7%
-
84.4
-
60.6
-
4.6%
-
$9,471
-
66.1%
-
The copyright act of 1978 changes law's on copyrights affecting business' all over the country
-
6.1%
-
9%
-
65.2
-
5.6%
-
3.2%
-
$10,587
-
13%
-
61.0
-
72.6
-
5.8%
-
20%
-
Recession
-
-
US citizens at the embassy were taken hostage causing an outrage from the US people
-
$11,696