0
The US trade deficit first became a problem in the 1970s because .?
Wiki User
∙ 7y ago
The price of foreign oil was raised by OPEC.
Janessa Nikolaus
Add your answer:
Earn +20 pts
When bell-bottom pants became fashionable in the 1970s the demand curve for bell-bottoms?
shifted to thee right!
How did the Organization of Petroleum Exporting countries embargo contribute to stagflation problem in 1970s?
oil prices increased
How did the organization of petroleum exporting countries embargo contribute to stagflation problem in the early 1970s?
oil prices increased
Was the economy good in the 1970s?
No, there was a terrible recession in the 1970s and a horrible gas crunch caused by propaganda. The recession cause prices and realty to skyrocket. Unemployment was high too. Many women HAD to go to work in the 70s because of the recession. It became hard for a couple to survive on one paycheck. Some investors lost a lot of money then too.
When did the US report its first trade deficit of the 20th century?
The United States has arguably had a trade deficit since at least the 1970s and was significantly increased during the Reagan Administration. The Clinton Administration almost successfully alleviated the U.S.'s national debt but the country is currently in debt again due to two different recessions in the 1990s/2000s
What economic problem in the 1970s became much less significant during the Reagan years?
Inflation
What were the living conditions like in Liverpool in 1970s?
It became a very poor and desolate area because of the unemployement rates.
Was a major problem for the US in the 1970s?
The Vietnam War was a major problem and the continued draft.
Were dreamcatchers fads in the 1970s?
No, dreamcatchers were not fads in the 1970s because they was used in the age of the Ancient Americas, not the 1970s.
When computers became affordable for non-specialists?
After the microprocessor was developed in the 1970s.
What company built the world's tallest building in Chicago in the 1970s only to move out of it in the 1970s?
The Sears Tower became the world's tallest building
What was the predecessor to MasterCard?
The 1970s saw the birth of Master Charge, which became MasterCard.
What was a major problem for the US in 1970s?
The Vietnam War was a major problem and the continued draft.
A major problem for the US in the late 1970s?
Government programs discoruaging stagflation
Major problem for the US in the late 1970s?
Government programs discoruaging stagflation
When did polyester clothing become popular?
Polyester clothing became very popular in the 1970s.
What was life like in the 1970s?
Socialist. All the rubbish that the students came up with in the 60's became the law of the land in the 70's.
