Rising Prices of the 1970s Recessionary Squeeze, created huge Wage Disparity increasing the gap between Rich and Poor

The 1970s saw recession and rising prices. The gap between the rich and the poor was growing and some would say this was an inevitable consequence of a consumer-driven profit-hungry free market.

The growing wage disparity led to social unrest with many blaming the fat-cat bankers for the economic malaise. In particular, the young were feeling disenfranchised and forgotten.

There was increasing talk of a lost generation with young people facing very bleak prospects.

amazon affiliate link localizer for wordpress by BestAzon

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.