Losing Battles | Compare and Contrast
1930s: The United States is in a severe economic depression triggered by a stock market crash. Poverty and unemployment are widespread; hunger is common.
1970s: The United States is in a recession triggered by an oil shortage. The Organization of Petroleum Exporting Countries (OPEC) raises prices and cuts production to punish the United States and Europe for their support of Israel. Economic growth slows, and inflation and unemployment are high.
Today: The U.S. economy faces uncertainty. The longest period of...
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