GMAT
Despite periodically resurging, the United States automotive industry has never fully recovered from the numerous setbacks that began in the 1970s, when both oil prices soared as a result of a decreased global supply and foreign automakers flooded the market.
Beginning in the 1970s, when, as a result of a decreased global supply, oil prices soared and foreign automakers flooded the market, the United States automotive industry suffered numerous setbacks that, despite a periodic resurgence, it never fully recovered from.
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