First, let's revisit the 1970s nightmare:


๐Ÿ“‰ Oil prices jumped 400% (then 1,000% by 1980)
๐Ÿ“‰ GDP fell 3.2%
๐Ÿ“‰ Stocks crashed 47%
๐Ÿ“‰ Unemployment hit 9%
๐Ÿ“‰ Inflation soared to 15%
Gas stations ran dry. Americans waited hours for fuel.
It was economic devastation.
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