How Did The 1970 Affect The Economy Of 1970

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The 1970 's negatively affected the US economy for a multitude of reasons but most importantly due to US foreign policy and the spread of communism in Asia. With tensions between the democratic US and the communist USSR rising each day, the US devoted large amounts of resources and money into the containment of communism in specifically eastern Asia. Examples of this would be the Vietnam war which lasted from 1965-75. This was a war that the US entered in order to help South Vietnam defeat North Vietnam. This was a long lasting and very expensive war that the US and South Vietnamese forces eventually lost. This proved detrimental to US economy because all of the money and resources put into the war were lost and it left the US economy in a

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