Description

This book explores the tumultuous economic and political landscape of the United States during the 1970s, a decade marked by significant challenges that ultimately reshaped the country's trajectory. Through an in-depth analysis of the economic crises of the time—including stagflation, the oil crisis, and the recession of 1970—the book examines the end of the post-World War II economic boom, the decline of the Golden Age of Capitalism, and the shift from Keynesian economic policies to monetarism and neoliberalism. It also addresses the political repercussions of these upheavals, including the rise of conservative movements, the Watergate scandal, and a broader shift in public trust in government. With detailed examinations of labor unions, government responses, and global competition, the book provides a comprehensive view of how the economic challenges of the 1970s set the stage for the political and economic transformations that would follow in the 1980s and beyond, fundamentally altering American society and its position on the global stage.