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Economic history · The world economy
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1971 to 1982. Eleven countries met the same oil price and ended up with inflation more than three times apart. Why, what the second oil shock did, and what caused the Great Inflation.
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1 Inflation After the 1973 Oil Shock Same oil, same dollar, and inflations more than three times apart. So the answer is at home. 8 steps · 12 min Done 2 The 1979 Oil Shock The second price step was bigger in dollars, and most of them peaked lower after it. 8 steps · 12 min Done 3 What Caused the Great Inflation Productivity, money, and the bases they rest on, put through one test with the failures printed. 8 steps · 12 min DoneCountry data from the World Bank (CC BY 4.0) and the UNDP Human Development Report (CC BY 3.0 IGO)
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