In What Sense Had the Structure of S&Ls Become Outmoded

question 21

Essay

In what sense had the structure of S&Ls become outmoded by the 1970s? In what sense were the S&Ls uniquely vulnerable to an increase in inflation?

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Definitions:

Arrested Growth

A halt or significant slowdown in the development or expansion of something, often due to external factors.

Pottery

The craft or profession of making objects from clay, which are then hardened by heat, widely used for cooking, storage, and decorative purposes throughout human history.

Sedentary Society

A society whose members settle in one place, establishing permanent homes and communities, as opposed to nomadic lifestyles.

Neolithic Transition

The period marking the shift from hunter-gatherer societies to agricultural communities, leading to the development of settled life and the beginnings of civilization.