The decade of the 1970s saw a sharp increase in loan pushing due to a surplus of capital.

Question

Quizplus · Accepted Answer

During the 1970s, there was indeed a sharp increase in loan pushing by banks, largely due to a surplus of capital. This was partly because of the recycling of petrodollars, where oil-exporting countries deposited their oil revenues in Western banks, which then sought to lend out this excess capital, often to developing countries.

The Decade of the 1970s Saw a Sharp Increase in Loan