Which of the following was a major problem for the United States in the late 1970s?
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Answer:
- The American economy in the 1970s became slow and almost dead but the good thing was America has stop war in Vietnam.
- Hence, the United States another phase began of the recovery of the Vietnam war. Unemployment reached the peak level many people were searching for a job and the Inflation rate also raised.
- The United States economy seen a slow rate of increase during that decade. Hence, government programs are not enough to solve these problems which were the major issues of the1970s.
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The biggest problem of the United States in 1970 was their economic condition.
Explanation:
- United States underwent a severe economic recession back in the 1970s. Job cuts were done, industries were closing and people felt despair.
- It was one of the biggest problems ever faced by the United States, and prior to the 2007-2008 recession, this has been the biggest threat.
- It took time for the company to come out of this economic depression, with the help of sound policies and infrastructure development.
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