The Real Reason for USA based Economic Recessions.
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NOVEMBER 28, 2010
The 1973 to 1975 recession was the OPEC induced oil crisis and the first one since our Peak Oil event which occurred in 1970. 1979 saw world oil prices skyrocket during the Iranian revolution and American Hostage Crisis and by the early 1980s the American Economy was right back into a recession. t stop the economy.
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