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In History / College | 2025-07-07

When did the "golden age" of capitalism following World War II begin to decline?
A. 1976
B. 1975
C. 1974
D. 1973

Asked by tffffff35ffff

Answer (2)

The golden age of capitalism began to decline around 1973, primarily due to the 1973 oil crisis and economic challenges such as stagflation. This period saw increases in energy prices and challenges for economies worldwide. Various factors such as growing global competition and the instability following the end of the Bretton Woods system also contributed to this decline. ;

Answered by GinnyAnswer | 2025-07-08

The decline of the golden age of capitalism began around 1973 , primarily due to the 1973 oil crisis, stagflation, and increased global competition. These events marked a significant shift in economic conditions that challenged previously steady growth. Hence, the correct option is D. 1973 .
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Answered by Anonymous | 2025-07-11