Title: The American Economy of the 60s and 70s | Synonym
Headings: The American Economy of the 60s and 70s
The American Economy of the 60s and 70s
Explore this article
1 The Great Society of the 1960s
2 The Stock Market Impacts 1960s Economy
3 The 1970s Energy Crisis
4 The 1970s Economy During Nixon

Content: The American Economy of the 60s and 70s | Synonym
The American Economy of the 60s and 70s
The rise and fall of the economy in the United States has always been directly impacted by what else was happening at that precise moment in history. For instance, the 1960s economy was characterized by the government increasing their spending approximately 3 percent per year to fund social welfare programs and the Vietnam War. This resulted in low unemployment rates and a stable economy. However, the 1970s economy was defined by the end of the Vietnam War which led to high inflation rates and as well as the 1970s energy crisis which created a major economic recession. Explore this article
The Great Society of the 1960s
The Stock Market Impacts 1960s Economy
The 1970s Energy Crisis
The 1970s Economy During Nixon
1 The Great Society of the 1960s
In the 1960s, the government began to expand its role, which was supported by the majority of Americans. However, people had a hard time agreeing on which federally funded programs should be expanded. When President Lyndon Johnson came to office following President John F. Kennedy's assassination in 1963, he implemented the Great Society of the 1960s. The Great Society of the 1960s focused on domestic programs, such as social welfare programs and it also led to the "War on Poverty." Under Johnson's leadership, Medicare and Medicaid were established, and money was appropriated to improve public education. The Office of Economic Opportunity was also created under the Johnson administration to organize community programs and provide job training to the poor.