RECESSION OF 1973-1975
Carmen Mak
Lindsey Mau
Lauren Mau
Oil Shock 1973
• OAPEC’s oil embargo
Oil Shock 1973
• OAPEC’s oil embargo
• Along with WWII
Oil Shock 1973
• OAPEC’s oil embargo
• Along with WWII
• And the Vietnam War
Gold Standard
Got off the gold standard and
printed more money.
•Too much money
•High inflation
•High prices
•Less money
•Less spending
•BAD economy
GDP Graph
1973
1974
1975
5.9%
-0.5%
-0.2%
4.2%
-0.4%
1%
2.9%
-0.35%
2.1%
.08%
-0.3%
3.3%
Inflation Graph
Inflation 1973-1975
14
Quarter 1973
1974
Quarter
I
10.2% 10.3%
Quarter
2
11%
9.3%
6
Quarter 7.4%
3
12%
7.8%
4
Quarter 8.8%
4
12.2%
12
10
8
2
0
1973 1973 1974 1974 1974 1974 1975 1975 1975
#3 #4 #1 #2 #3 #4 #1 #2 #3
1975
Unemployment Graph
1973 1974 1975
4.9% 5.1% 8.1%
5
5.2
8.1
4.9
5.1
8.6
5
5.1
8.8
4.9
5.1
9
4.9
5.4
8.6
4.8
5.5
8.4
4.8
5.5
8.4
4.8
5.9
8.4
4.6
6
8.3
4.8
6.6
8.3
4.9
7.2
8.2
People and Places
People and Places
People and Places
People and Places

“Oil Weapon” from the Arab states
 Targeted
United States, Great Britain, Canada, Japan,
and the Netherlands.
How did the 1973 recession affect people’s
lives?
When the oil prices rose up…
The price of products that make from oil and gas also rose up such as:
To live through the recession…
Examples…

People shopped less,

Have more than one job,

Drive slower to save more gas,
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.

Consumption and Investment Growth
Quarter
Consumption
Growth
1973: Q3
1.6%
Investment
Growth
0.6%
1973: Q4
-1.0%
-3.9%
1974: Q1
-3.5%
-8.5%
1974: Q2
1.4%
-7.8%
1974: Q3
1.5%
-8.0%
1974: Q4
-6.6%
-16.1%
1975: Q1
3.1%
-36.2%
Stress…
SURVIVAL STRATEGIES.
•Slim down the debts $$$
•Get to the office and stay
there - be noticed by the boss
•Be a picky buyer – houses
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.
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
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/EnergyConservation.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://bl
ogs.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&ifdi
m=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:par
ent:&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=3zcrBCsDIXSiM&imgurl=http://www.vipbuses.com/charter_bus/charter_bus_o.jpg&w=643&h=482&ei=GdnETuvSC7WiAKSyuH2BQ&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&i
mgurl=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
RECESSION OF 1973-1975
Carmen Mak
Lindsey Mau
Lauren Mau