The economic slow-down of the 1970s resulted in part from the nations heavy dependence on

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History

Mekhi Rosario

9 September, 03:22

The economic slow-down of the 1970s resulted in part from the nations heavy dependence on

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Micheal Petty · Answer 1

The economic slow-down of the 1970s resulted in part from the nations heavy dependence on foreign oil. President Carter believed that the fundamental problem of the American economy was its huge reliance on foreign oil. This resulted in an economic slow-down when Arab nations placed an embargo on oil to America.