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1973 oil crisis and 2008–09 Keynesian resurgence

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between 1973 oil crisis and 2008–09 Keynesian resurgence

1973 oil crisis vs. 2008–09 Keynesian resurgence

The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo. Following the global financial crisis of 2007–08, there was a worldwide resurgence of interest in Keynesian economics among prominent economists and policy makers.

Similarities between 1973 oil crisis and 2008–09 Keynesian resurgence

1973 oil crisis and 2008–09 Keynesian resurgence have 12 things in common (in Unionpedia): Bretton Woods system, Capital control, Central bank, Gold standard, Great Depression, Interest rate, Money supply, Nixon shock, Pound sterling, Richard Nixon, Stagflation, World War II.

Bretton Woods system

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton-Woods Agreement.

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Capital control

Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account.

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Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

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Gold standard

A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold.

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Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

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Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).

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Money supply

In economics, the money supply (or money stock) is the total value of monetary assets available in an economy at a specific time.

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Nixon shock

The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, the most significant of which was the unilateral cancellation of the direct international convertibility of the United States dollar to gold.

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Pound sterling

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

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Richard Nixon

Richard Milhous Nixon (January 9, 1913 – April 22, 1994) was an American politician who served as the 37th President of the United States, serving from 1969 until 1974, when he resigned from office, the only U.S. president to do so.

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Stagflation

In economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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The list above answers the following questions

1973 oil crisis and 2008–09 Keynesian resurgence Comparison

1973 oil crisis has 269 relations, while 2008–09 Keynesian resurgence has 248. As they have in common 12, the Jaccard index is 2.32% = 12 / (269 + 248).

References

This article shows the relationship between 1973 oil crisis and 2008–09 Keynesian resurgence. To access each article from which the information was extracted, please visit:

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