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Introducing the Long Wave
The Downward Spiral
7 other sections not shown
American history Andrew Johnson attitude began beginning borrowed Civil War peak Commodity Price Index competition conservative costs created cycle decline deficits deflation demand depression downturn downward reinforcing spiral early economists economy effect falling prices federal budget Federal Reserve System female equality following the Civil forced Frederick Lewis Allen free-trade Greening of America happen hard idea industrial inflation inflationary interest rates Kondratieff Kondratieff wave labor liberal Lincoln long wave long-wave downswing long-wave peak long-wave upswing Lyndon Johnson marijuana ment military money illusion mood nation never Nixon occurred peak wars percent period politics predictable President pressure price bottom prices and interest problems profits protectionism protectionist radical reduced revenues Richard Nixon rising prices rising prosperity seventies shift sion spending surpluses tariff tensions things three decades tion trade trend trough wars turning point unionism Vietnam wages wartime wholesale commodity prices Wilson women World young