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Stagflation
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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Stock Market Crash
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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United States Economic Events
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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Consumer Spending
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. -
Gross Domestic Product
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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Dow Jones Goes Up
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. -
End of the 70's
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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Recession in the early 1980's
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 -
Business bankruptcies
business bankruptcies up by 50 percent. The 80's was offically in a recession due to the bad economy in the 70's. -
Reagan's Incoming
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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Unemployment Rate
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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Early 90's GDP
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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Early 1990's Recession
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. -
Soviet Union Fall
With the fall of the Soviet Union and Eastern European communism in the early 1990's, trade opportunities expanded greatly.