World History in 1978

Title: World History in 1978
Category: History / World History | Words: 554 | Pages: 2.4 (approximately 235 words/page)

World History in 1978

This was a paper that I had to write for World History about 1978 The year 1978 posed an eventful and intriguing year. From the stressful and exerting affairs of the world to the rising popularity in sports and entertainment. Many factors of the year 1978 contributed greatly to the changing times and future years. Each event played an intricate role in the overall picture of the world.         Many world news stories occurred in 1978 including the signature of …showed first 75 words of 554 total…

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…showed last 75 words of 554 total…oil-producing countries raised their prices by 14.5 %. This pushed the rate of inflation in the U.S. to eight percent and depressed the value of the dollar. In fact, through 1978, the value of the U.S. dollar created an almost insoluble dilemma not only for the U.S. but the entire Western world. Most of the blame was placed on President Carter and his inexperience. However, President Carter initiated an anti-inflation policy ( Phase II ) in October.

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