This progress continued through the 1960s, 1970s, 1980s and into the 1990s with the collapse of the Soviet Union around 1990 even though the Arab Oil Embargo started to reverse this kindness trend and wealthy trend of the world starting in the 1970s I believe especially in 1973.
The financial progress in the U.S. and Europe began to be reversed (for the middle Class and poor) during the 1973 Arab Oil Embargo and by 2000 the middle Class and poor of the U.S. and Europe and throughout the world were suffering like never before since World war II because the price of oil had inflated the price of gasoline, diesel and the manufacturing and shipping of everything worldwide.
Since the 9-11 Terrorists were all out of Saudi Arabia, the down fall of the middle Class and poor worldwide also came out of Saudi Arabia, not necessarily from the government but from likely extremist religious views that are intolerant of any other point of view completely and are for the ending of Christianity and Hinduism and Buddhism worldwide.
So, religious intolerance made a really bad economic situation much worse and directly led to the present paranoia and chaos here on earth and even to the election of Trump in 2016 caused partly by Putin through his KGB ways in Russia.
So, the disaster for the poor and middle class around the world can be easily seen how this all happened by studying history in this way.
So, the paranoia present in rightest populist leaders sprang directly out of 9-11-01 caused by Osama Bin Laden and terrorists out of Saudi Arabia and extremist religious views intolerant of all other religions on earth.
This, in turn in western nations created an Anti-religion climate that went against all religions that you now see in all western nation public schools on earth. This in turn helps create a more paranoid point of view because without a belief in God people tend to help each other less because they don't see people having as much in common as before.
From my point of view it is less important that people go to church and more important that people believe in God and kindness towards each other than any other single thing here on earth.
So, religious intolerance starting in Saudi Arabia has brought the whole world to it's knees in regard to paranoia and rightest governments and populism. And this just appears to be getting worse and worse now by the day.
However, because of nuclear weapons, we cannot use these weapons in war since World war II because it would end life on earth. So, big wars are a thing of the past, especially between the U.S. and China and Russia.
So, we are presently in a trade war with China which could go on for 25 to 100 years or so which will further devastate the poor and middle Class here in the U.S. I don't know what will happen in China during this same time.
So, with a fool like Trump at the helm, the poor and middle Class in likely both the U.S. and China are going to be completely devastated by these changes because of the Trade war.
At the same time the world is heading more towards a worldwide great recession or great depression also caused by the Trade War.
The winners so far of the trade war are the EU (70 billion dollars in winnings)
Mexico 20 Billion dollars in Winnings
and S. Korea
Canada
And a few others nations.
The present big losers of the trade war are the U.S. and China.
But, populist rightest anti-human rights leaders are being elected worldwide at this time similar to the 1930s which was a pre-cursor to World War II.
Here is where it all began to go wrong for the poor and middle Class of the U.S. and Europe:
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Oil Embargo, 1973–1974. During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations.
Jump to Effectiveness of embargo - The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo. ... By the end of the embargo in March 1974, the price of oil had risen from US$3 per barrel to nearly $12 globally; US prices were significantly higher.
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