4/8 Class Flashcards
1
Q
Nixon Years and the End of the Party
A
Wage and price freeze implemented
stopped the peg to gold
raised imports
American goods were no longer competitive
2
Q
Malaise
A
everyone was down and the economy was down
3
Q
globalization
A
we started going international
4
Q
1970s Energy Crisis
A
OPEC imposed an embargo for US’s support of Israel
5
Q
The Rustbelt-Sunbelt Controversy
A
Rustbelt - was the area around the Great Lakes that used to be the center of industry
Sunbelt - was the southern area that became the new center of industry
6
Q
air-conditioning
A
changed the south to a nicer place to work and to vacation
7
Q
deindustrialization
A
when an area’s industry moves away from the town they started in
8
Q
is it wrong to regulate plant closures?
A
this is the debate
