A common misperception of the 1970s is that some see it as a decade that lacks in significance, because historians argue that it was a political and social continuation of the 1960s. I also had this view, and I am sure anyone would if you look at roaring 20s with all its technological advancements, and the 30/40s with world war two and the great depression, or the 1960s of how the world was on the brink of having a nuclear apocalypse. when you take all of this into account the 1970s seems to be the so called " hangover of the 1960s". But with the research assignment I have concluded that each decade has its own contribution to history and a wealth of memories for those living at the time. Growing up 1970s was different from growing up in another generation. The news, music, sports, movies, fashion, politics, media ,style of living, and everything about this decade was distinct, unique and interesting.
What I find most interesting about this decade is marked the end of the golden age of US capitalism (late 40s-early70s). Due to the Arab oil embargoes and energy crisis's at the time it took a major toll on the American style of living from the rationing of fuel to further limitations on highway speeds, even though it had its own oil reserves. When you take this and the amount of raw materials that was being sent overseas into perspective many economists would agree that the 1970s was the worst economic performance of most industrialized countries since the great depression. Even though economic growth rates were considerably lower compared to the post war period between 1945-1973,thier was no crippling economic depression experienced in the 1930s.
But the 1970s was not only a time a economic pressure but also political pressure, during this time anti war protests were increasing and the U.S government found itself between and increasingly impatient American public and a adamant north Vietnamese regime.
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