Question

In 1982 america slipped into a deep recession this recession was caused by

Answer 1

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The recession of 1982, under the Reagan administration, had already left millions of jobless and thousands of failed businesses. The crisis was headed for some time being concealed by the government that failed to hide the economic woes. Among the main reasons can be pointed out: the growth of international competition in the markets where the US dominated since the great wars.
 
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