Economic Shifts and the 1970s Oil Crisis

This chapter examines the complex economic theories related to fiat currency during the 1960s and 70s, emphasizing the societal shifts with women and minorities entering the workforce. It details the misunderstandings surrounding the 1970s oil crisis, linking it to the detachment of the U.S. dollar from the gold standard and OPEC's response. Furthermore, the discussion encompasses the rise of the G77 coalition and the struggle for economic sovereignty amid geopolitical challenges.