The Conservative Ascendancy, 1974 – 1991
THE OVEREXTENDED SOCIETY
- Americans experienced what economist referred to as “stagflation” marked by rising unemployment, rising commodity prices, and low economic growth.
A Troubled economy
- In 1973, there were rationing program in several states owing toe doubling of gases price from 40-70%.
- Over reliance on Middle East Oil triggered the oil crisis with the condition worsening in 1973 when OPEC imposed embargo on Israel allies including US
- President Nixon introduces the “energy czar” targeting energy consumption in transport and general consumption. The Department of Energy was created in 1977.
- Economic crisis linked to failure by the US manufacturing sector with Asian manufacturers offering cheap imports.
- African American gains more rights through Title VII of the Civil Right Act.
- Due to increased federal funds, there was increased population in the Sunbelt in 1970s with population doubling to 118 million four decades
- Dramatic change in the south reversed decades of migration among African America. Manufacturing and agribusiness flourished. California and Texas become rose in popularity behind New York
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