Economic Issues Between 1970 And 1970

302 Words2 Pages
The 10-year historical period I chose was between 1970-1979.
The major problem America faced during the 1970’s foreign trade was that the imports exceeded more rapidly than exports. With the United States suffering from persistent inflation and its consequent high prices, could not effectively compete in world markets. Regardless of the issues that the United States faced with exporting, one development that occurred during the 1970’s was the sharp expansion of U.S. agriculture exports. American farmers had been transformed into an international producer of food and fibers. The U.S. agriculture exports have more than quadrupled from $6.7 billion-1970 to $27.3 billion-1978. The commodities responsible for the gain during this decade are