Recession of 1973-1975

1. Recession of 1973-1975 Carmen Mak Lindsey Mau Lauren Mau

2. Oil Shock 1973 • OAPEC’s oil embargo

3. Oil Shock 1973 • OAPEC’s oil embargo • Along with WWII

4. Oil Shock 1973 • OAPEC’s oil embargo • Along with WWII • And the Vietnam War

5. Gold Standard • Got off the gold standard and printed more money. • Too much money • High inflation • High prices • Less money • Less spending • BAD economy

6. GDP Graph

7. Inflation Graph

8. Unemployment Graph

9. People and Places

10. People and Places

11. People and Places

12. People and Places • “Oil Weapon” from the Arab states • Targeted United States, Great Britain, Canada, Japan, and the Netherlands.

13. How did the 1973 recession affect people’s lives?

14. When the oil prices rose up… The price of products that make from oil and gas also rose up such as:

15. To live through the recession…

16. Examples… • People shopped less, • Have more than one job, • Drive slower to save more gas,

17. More examples…… • Move to other state to have more opportunities, • Having part time job while in school, • People worried about their jobs and future, • Some people couldn’t afford bus money, walk 5 miles to work.

18. Consumption and Investment Growth

19. Stress… SURVIVAL STRATEGIES. • Slim down the debts $$$ • Get to the office and stay there - be noticed by the boss • Be a picky buyer – houses

20. Economy Affected the Suicide Rate • As the U.S economy is facing its biggest challenge, suicide cases associated with financial distress are widely reported in the news. • Economic problems can impact how people feel.

21. 1973-1975 • Use of alternative energy • Conservation of energy > Tax credits for users of solar power/wind power • Conservation of oil and saving money • Buying less luxuries > smaller cars

22. Works Cited • http://useconomy.about.com/od/grossdomesticproduct/a/recession_histo.htm • http://247wallst.com/2010/09/09/the-13-worst-recessions-depressions-and-panics-in-american-history/3/ • http://economics.about.com/cs/money/a/gold_standard.htm • http://www.google.com/imgres?q=conservation+of+energy&um=1&hl=en&qscrl=1&nord=1&rlz=1T4SKPB_enUS359US359&biw=1920&bih=882&tbm=isch&tbnid=zzRKWwb9knoQ6M:&imgrefurl=http://www.briskanswers.com/energy-conservation-%25E2%2580%2593-are-we-in-the-right-track/&docid=-G-O95PZ3js6eM&imgurl=http://www.briskanswers.com/wp-content/uploads/2011/04/Energy-Conservation.jpg&w=249&h=267&ei=3uPETvuOMuKTiQKNgfnsBQ&zoom=1&iact=hc&vpx=939&vpy=344&dur=285&hovh=213&hovw=199&tx=90&ty=91&sig=103539299875523669617&page=1&tbnh=160&tbnw=149&start=0&ndsp=35&ved=1t:429,r:12,s:0 • http://www.onlineschooling.net/history-of-recessions • http://www.opec.org/opec_web/en/press_room/178.htm • http://akorra.com/blog/wp-content/uploads/2009/03/the-oil-crisis-of-1973.jpg • http://farm3.static.flickr.com/2197/4120251282_6272af2e10.jpg • http://www.jodyharmon.com/militaryart/israeli%20sherman.jpg • http://www.greenlaunches.com/recycle/the-problems-of-plastic-recycling.php • http://www.bipolarbrain.com/meds.html • http://goinggrayblog.com/advertise/ • http://blog.womenshealth.northwestern.edu/2010/07/safe-cosmetic-act-of-2010/ • http://www.google.com/imgres?q=conservation+of+gas&um=1&hl=en&rlz=1T4SKPB_enUS359US359&biw=1920&bih=882&tbm=isch&tbnid=sXIuiA2PJjq1TM:&imgrefurl=http://blogs.kansas.com/weblog/2008/07/page/2/&docid=zm4zyDkLLmXryM&imgurl=http://blogs.kansas.com/weblog/files/gas.jpg&w=288&h=192&ei=oeTETv_eMIaQiAKI1YDMBQ&zoom=1&iact=rc&dur=134&sig=103539299875523669617&page=2&tbnh=152&tbnw=202&start=39&ndsp=37&ved=1t:429,r:23,s:39&tx=46&ty=81 • http://www.goodhousekeeping.com/family/inspirational-people/women-who-changed-our-world • http://www.flickr.com/photos/50353697@N02/4773237504/sizes/o/in/photostream/ • http://www.applet-magic.com/rec1974.htm • http://jackbwalters.blogspot.com/2008/10/recession-1973-vs-2008.html • http://www.nationaljournal.com/healthcare/economy-affects-suicide-rate-cdc-finds-20110414 • http://momofftrack.com/2010/04/boot-camp-consequences-more/sad-face/ • http://www.whatsyourconundrum.com/parenting/should-college-students-work-part-time-jobs • http://web.ebscohost.com/ehost/detail?vid=11&hid=125&sid=999b7921-7b1d-4596-a203-61e8cc9bc361%40sessionmgr15&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=aph&AN=29410999 • http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_kd_zg#ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_kd_zg&scale_y=lin&ind_y=false&rdim=country&idim=country:USA&ifdim=country&hl=en&dl=en • http://www.google.com/publicdata/explore?ds=k3s92bru78li6_&ctype=l&strail=false&bcs=d&nselm=h&met_y=pcpipch#ctype=l&strail=false&bcs=d&nselm=h&met_y=pcpipch&scale_y=lin&ind_y=false&rdim=country_group&idim=country:US&ifdim=country_group:parent:&hl=en&dl=en • http://www.google.com/publicdata/explore?ds=z1ebjpgk2654c1_&ctype=l&strail=false&bcs=d&nselm=h&met_y=unemployment_rate • http://www.onlineschooling.net/history-of-recessions • http://www.google.com/imgres?q=bus&um=1&hl=en&sa=N&rlz=1T4SKPB_enUS359US359&biw=1920&bih=882&tbm=isch&tbnid=R7L8oDXs7o1hcM:&imgrefurl=http://www.vipbuses.com/charter_bus.php&docid=3zcrBCs-DIXSiM&imgurl=http://www.vipbuses.com/charter_bus/charter_bus_o.jpg&w=643&h=482&ei=GdnETuvSC-7WiAKSyuH2BQ&zoom=1&iact=rc&dur=11&sig=103539299875523669617&page=1&tbnh=124&tbnw=173&start=0&ndsp=43&ved=1t:429,r:10,s:0&tx=94&ty=93 • http://www.google.com/imgres?q=survival+strategies&um=1&hl=en&sa=N&qscrl=1&nord=1&rlz=1T4SKPB_enUS359US359&biw=1920&bih=882&tbm=isch&tbnid=FdIm4l5mllf6AM:&imgrefurl=http://www.lhup.edu/~dsimanek/survival.htm&docid=EzIYAlhh6Au6WM&imgurl=http://www.lhup.edu/~dsimanek/albert.gif&w=346&h=306&ei=tt3ETv6OEaOTiAK7o4X2BQ&zoom=1&iact=hc&vpx=771&vpy=316&dur=3074&hovh=211&hovw=239&tx=106&ty=125&sig=103539299875523669617&page=1&tbnh=166&tbnw=181&start=0&ndsp=38&ved=1t:429,r:13,s:0

23. Recession of 1973-1975 Carmen Mak Lindsey Mau Lauren Mau