In this episode, we dive into the turbulent decade of the 1970s, exploring how the oil shocks and economic crises of the era shattered the postwar order in America. Drawing from historian Gary Gerstle’s influential work The Rise and Fall of the Neoliberal Era, we examine how stagflation, energy insecurity, and geopolitical tensions fueled public disillusionment with Keynesian economics and paved the way for a neoliberal revolution.In This Episode:The 1973 and 1979 oil shocks and their devastati
Reading time:
1–2 minutes

Explaining History Podcast
For more than a decade, the Explaining History Podcast has helped listeners around the world make sense of modern history. What began in 2012 as a simple experiment—short, accessible episodes explaining major historical events—has grown into a long-running library of carefully researched, thoughtful explorations of the 20th and 21st centuries.
If this was useful, there’s more where it came from.
Every week I publish one piece connecting a current event to its historical roots — free, every Tuesday. Paid subscribers get two additional deeper dives and full archive access.
Subscribe to Explaining History →