USA economics

Question 1

Give examples that show by 1970, the long post-war boom was coming to an end

Answer 1

Inflation reached 6% in 1970
Unemployment rose to more than 5% in the early 1970s
End of the Bretton Woods currency system - a system that fixed international exchange rates. Made international trade less stable.

Question 2

What did Detente offer?

Answer 2

A partial solution to the USA’s economic concerns, as it had the potential to create a reduction in defence spending and greater trade with the USSR