Examlex
Explain what is meant by the iron law of oligarchy and its relationship to democracy.
Great Depression
A severe worldwide economic downturn in the 1930s, marked by mass unemployment, deflation, and a significant decline in economic activity.
1970s
The 1970s is a decade known for significant economic, political, and cultural shifts, including the energy crisis, inflation, and changes in global politics.
Economic Worry
Concern or anxiety about the current or future state of the economy, often due to factors like inflation, unemployment, or recession.
Stock Market
A marketplace where stocks (shares of ownership in businesses) are bought and sold, providing companies with access to capital and investors with a slice of ownership.
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