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Paperback Pivotal Decade: How the United States Traded Factories for Finance in the Seventies Book

ISBN: 0300171501

ISBN13: 9780300171501

Pivotal Decade: How the United States Traded Factories for Finance in the Seventies

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Format: Paperback

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Book Overview

In this fascinating new history, Judith Stein argues that in order to understand our current economic crisis we need to look back to the 1970s and the end of the age of the factory--the era of postwar liberalism, created by the New Deal, whose practices, high wages, and regulated capital produced both robust economic growth and greater income equality. When high oil prices and economic competition from Japan and Germany battered the American economy,...

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