Throughout the 1960s the United States experienced its extended continuous period of financial growth in history. Unlike the 1950s, the housing and computer industries overpowered chemicals, automobiles, and electrically powered customer …show more content…
The insecurity of the Middle East and economic crisis at home had left a bad taste in Americans’ assurance towards their neighbors or other citizens and the government. The golden age was over and the United States had moved into a recession. From the third unit notes that Dr. Maunula had given the class, he stated two reasons that played a role in the decline of production was the aging industrial plant and managerial problems. The inflation of the 1970s was awful. It caused a combination of a high request and not enough jobs, homes, and automobiles. By no one was willing to take office as the Federal Reserve chairman it caused an elevation inflation. Many people under valued the effects of the inflation problems. The deficiency of integrity and commitment was another reason for inflation to rise. As the 1970s moved toward the 1980s, Americans became exhausted of the social struggle. Most people in the 1980s believed that in order for you to be considered a society idol you must be able to support himself. Achievement looked as if it was only measured by the amount or how much money a person made. This adjustment appeared in many measures of American society. It not only affected the economy, but it also affected political affairs, learning, and art, music, and