Oct 13, 2010The stagflation in 1970s increased the unemployment in USA due to stagnant business activity and persistent inflation rate. The residents of United States started expecting continuous increase in the prices of goods and service and as a consequence they bought more. Consequence Stagflation in 1970sThe continued increase in the price of goods and services eventually raised the demand and
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Benoni, Gauteng. Sir George Farrar, the chairman of a mining company, undertook the planning of the rapidly growing mining town in 1904.There are over ten schools in Benoni and in some areas there is a concentration of up to 6000 students within a 5km radius.
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Oct 01, 2012They felt that these efforts would help the public to become more fuel efficient. Although the embargo ended only a year after it began in 1973, the OPEC nations had quadrupled the price of oil in the West. The embargo opened a new era in international relations. It was a political and economical achievement for the Middle East.