lilyana1820 lilyana1820

30-05-2024
Business

Answered

Carter, and the Economic Malaise
1. Why was there a gradual decline in manufacturing in the
U.S.AND what effect did it have on exports?

Answer :

GinnyAnswer GinnyAnswer

30-05-2024

Final answer:

The decline in manufacturing in the U.S. was influenced by factors like competition from rising industrial nations, trade deficits, and globalization, negatively impacting exports.

Explanation:

The decline in manufacturing in the United States was due to a combination of factors such as increased competition from rising industrial nations like Japan and West Germany, trade deficits, and the rise of globalization. This decline had a negative effect on exports as the value of American exports dropped while the prices of imports increased, leading to massive trade deficits.

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