1970s commodities boom

In the 1970s, there was a time when people wanted to buy more stuff than the world could make. Many people around the world were getting richer and could afford to buy cars, houses, and more things! Because of this, the prices of things we need, like oil and food, went up a lot.

This was a really big deal because the prices of things that we need to live, like food and gas, went up really high. The government also had to change some of the rules to change how much money people could save and borrow.

In the end, it was a time when people had to learn how to deal with paying more for things they needed to live, like gas and bread.