The Great Inflation: How Economic Chaos Shaped the World

Explore the impactful era of the Great Inflation from 1965 to 1982! 📈💰

In this video, we delve into a macroeconomic event that left an indelible mark on the post-World War II global monetary system. Witness the staggering rise of inflation, which soared from a mere 1% annually to an astonishing peak of nearly 15% in 1980, sending shockwaves through the economy. Jobs were lost, and unemployment rates surged to an alarming 11%.

Discover how in 1971, President Nixon took a pivotal step by discontinuing the exchange of the U.S. dollar for gold, further impacting its value. Additionally, in 1973, Arab OPEC members imposed a crippling oil embargo on the United States, causing oil prices to skyrocket from a manageable $23 a barrel to an eye-watering $140 and beyond. As a result, the stock market experienced a substantial decline, and interest rates fluctuated dramatically.

Join us on this historical journey as we unravel the complexities of this pivotal period in economic history. Don't forget to like, share, and subscribe to stay informed about our deep dives into significant economic events! 💡🌍💼 #GreatInflation #EconomicHistory #InflationAnalysis #FinancialInsights