Elaborate on the emergence of an american idenity

It embodies the “ principles of liberty,equality,individualism,representative government, and private property

The great inflation of the  1970s. it's the  1970s, and the stock market is a mess. it loses 40%  in  an 18-month period, and for close to a decade few people want anything to do with stocks.  economic  growth is weak, which results  in  rising unemployment that eventually reaches double-digits