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Throughout the 1970s, the United States underwent a wrenching period of low economic growth, high inflation and interest rates, and intermittent energy crises. [4] By October 1978, Iran—a major oil supplier to the United States at the time—was experiencing a major uprising that severely damaged its oil infrastructure and greatly weakened its capability to produce oil. [5]
In a United States presidential election, the popular vote is the total number or the percentage of votes cast for a candidate by voters in the 50 states and Washington, D.C.; the candidate who gains the most votes nationwide is said to have won the popular vote. However, the popular vote is not used to determine who is elected as the nation's ...
The United States dollar ( symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.
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Four decades ago, a rare earth processing plant on France's Atlantic coast was one of the largest in the world, churning out materials used to make colour televisions, arc lights and camera lenses.
On June 20, Kennedy criticized the initial draft of the Democratic Party's 1980 platform as it did not address "the anxieties and fears of the American people" and asked for revisions to the economic plans. [97] Although some of his proposed ideas were accepted in the final version of the platform the majority of his suggestions were rejected. [98]
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