The systematic, widespread withdrawal of investment in basic aspects of productivity such as factories and plants is known as deindustrialization.
Deindustrialization is a process of economic and social change brought on by the elimination or loss of industrial capacity or activity in a nation or region, particularly in the heavy or manufacturing sectors. Various people have different ideas about what deindustrialization is. Many point to the wholesale shutdown of automotive facilities in the now-famous "Rust Belt" between 1980 and 1990 as evidence of the de-industrialization of the United States.
Beginning in 1979 and continuing until 1984, the US Federal Reserve increased interest and exchange rates, which immediately led to a decline in import prices.
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