First <span>the capitalist world was in the great economic depression.
Second "</span><span>decline” took place in the 1970s and 80s during which the international competitiveness of U.S. commodities and capital decreased drastically.
Third </span><span>“decline” occurred during the recent financial crisis.
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Reasons Why
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* </span><span>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</span>
<span>As he campaigned in 1964, Johnson declared a "war on poverty." He challenged Americans to build a "Great Society" that eliminated the troubles of the poor.</span>
Answer:
an act, process, or instance of beginning
Well they tried to build more jobs to put people into business but they ended getting layed off because they couldnt afford to pay for their workers and they failed because more and more people lost there jobs
