The slowdown did wring inflation out of the Western economies by the mid-1980s Previous  /  /  Home   \  \  Next

select page home America 1973 best of times Yom Kippur War oil shock and inflation inflation unemployment equity markets fall automobile sales steel industry economy transformed international banking energy crisis fear oil shock inflation 2 eroding dollar iran revoluation second oil shock inflation spiral central bank interest rates auto industry death disinflation Carter slowdown third world debt oil price drop not forever today another oil shock