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The decade of the 1970s was marked by all of the following economic conditions i...

Oct 17, 2023

The decade of the 1970s was marked by all of the following economic conditions in the United States EXCEPT (A) rising oil prices for businesses and consumers (B) greater participation by women in the paid workforce (C) increased competition from Western Europe and Japan (D) simultaneous inflation and recession, known as stagflation (E) increased labor union membership among autoworkers

Key Concept

KC-9.2.II During the 1970s, economic challenges, such as fiscal instability, the oil crisis, and increased competition from abroad, led to a growing sentiment of uncertainty about the future of the United States.

Explanation

The 1970s were marked by a number of economic challenges in the United States, including rising oil prices, increased participation by women in the workforce, increased competition from Western Europe and Japan, and the phenomenon of stagflation. However, labor union membership, particularly among autoworkers, did not increase during this time. In fact, the 1970s marked the beginning of a steady decline in union membership in the United States, a trend that has continued into the 21st century.

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