Lot's of thing's lead up to the "fall from grace '70's." Many are, imo, acurately mentioned here. But, I didn't see this (maybe I missed it)... We won World War II. We were the only large industrialized nation in the world, still up and running. And, we got to cash in on it for many year's. The war veteran's here, got pretty good paying job's and benefit's... later, pension's. And their kid's got decent education's. Most graduated from high schools and many were able to go on to college. Despite all of the assasination's and turmoil, the '60's was a good time. Money flowed fairly freely and so did a lot of people... old and young. Culture and business thrived, and so did the art's. It opened the door for lot's of experimentation in all kind's of thing's. Including music. But, somewhere in the early 70's, the rest of the world started catching up with us. They now could start competing and thriving in the world market's, too. The 1st oil crisis happened in '73, and, imo, that was the wake up call. Thing's just haven't been the same, since we were no longer alone, on top.