>>76457855
>the 70's really is the focal point for everything turning to shit
Nixon killed the gold standard in order to finance the Viet-nam war. That amplified the fuel crisis of 73' and facilitated moving manufacturing overseas. That was meant to financially and politicaly choke the USSR and in the end it worked, at thr cost of rising massive debt and inflation.
>inb4 some cocksucking cokebrained financebro calls me out on my bullshit
Come up with a better explanation or don't bother.