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American Profligacy Summary

185 Words1 Pages
The first,the author uses the “The Crisis of Profligacy”to tell everyone that how do americans Profligacy, their complacency made them lose theirselves. .It is talk about American‘s profligacy after the World War II.American think they are the king of the world and they can control all of the world. " In the 1950s the US achieved a standard of living that they became the jealous of the world ,however, it is began to shift in the late Vietnam War period.” Prior to the 1970s, because the United States had long been the world 's number one producer of petroleum, American oil companies determined the global price of oil. In 1972, domestic oil production peaked and began its inexorable, irreversible decline, The year before, the perrogative of setting
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