What were the major causes for the decline of the u.s. economy during the 1970s?

1 answer:

5 0

First the capitalist world was in the great economic depression.
Second "decline” took place in the 1970s and 80s during which the international competitiveness of U.S. commodities and capital decreased drastically.
Third “decline” occurred during the recent financial crisis.


Reasons Why

* first two “declines”, the United States entered a new stage of economic growth through reform and innovation. There are still lots of uncertainties whether the U.S. economy would be able to recover this time, but it seems certain that one, the United States has fallen from the peak of economic hegemony and it is unable to change the trend of plural development of the world economy in the 21st century even if its economy could resurge, and two, the U.S. economy remains strong and will witness a fairly long period of development in the wake of fresh scientific and technological revolution.

HOPE I HELPED

You might be interested in

"Many good deeds today will serve me well in my next reincarnation." A person practicing what religion would most likely speak t

mash [69]

Answer:

Hinduism

Explanation:

Such a statement would come from a follower of Hinduism, simply because among the religions listed in the question, Hinduism is the only one that believes in reincarnation and makes it part of its religious doctrine.

Neither Judaism nor Islam take reincarnation as part of its doctrine, and confucianism is not so much a religion, but a philosophy.

6 0

3 years ago

A representative serves a: six-year term four-year term two-year term unlimited term

Hitman42 [59]

Answer:

two-year term

Explanation:

Senate is 6 year

President is 4 year

4 0

3 years ago

Read 2 more answers

How does increased productivity lead to lower prices for consumers ?

Alexandra [31]

Since the Companies had more surplus amount of items from the increased level of productivity, they sold the items for a lower price to lure more people to buy it/more.

6 0

3 years ago

What was the main question James Madison thought about when he was writing the Constitution

barxatty [35]

Answer:

What was the main question James Madison thought about when he was writing the Constitution? "Should the United States have an army?" "How many states should be in the union?" "Should the states protect people's natural rights?"

Explanation:

7 0

3 years ago

Building a bomb shelter in your back yard most demonstrates the

Harlamova29_29 [7]

The right answer for the question that is being asked and shown above is that: "psychological impact of the Cold War." Building a bomb shelter in your back yard most demonstrates the psychological impact of the Cold War

7 0

3 years ago