What Changes In America Is Unlike The 1950's And 1960

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During this chapter, we see a lot of change going on in America. One big change is unlike the 1950’s and 1960’s our economy is no longer rising swiftly. We are going through a period of Stagflation. American Interest rates are high, our unemployment rates are high and the economy over all has slowed significantly. Due to the slowing economy we see a diminishing middle class. Most of the country is getting poorer and a top few wealthy individuals are getting richer. This is really made clear after the Organization of Petroleum Exporting Countries (OPEC) puts an embargo on America and gas prices soar. These soaring gas prices cause the price of most basic goods to go up, which in turn takes more money out of the working class citizens. At the

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