The factors that played a role in America's economic stagnation are the:
- Replacement of human labor with machines
- The oil boom in foreign markets
What was the stagnation about?
In the 1970s America suffered a major economic blow that led to the increase in prices of commodities and the increase in unemployment.
The increase in unemployment can be attributed to the advent of machines that were beginning to greatly displace human labor. Oil boom in foreign markets was another cause of the economic crisis.
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