US manufacturing collapse

The United States was fortunate to be a victorious country without being attacked by the mainland in World War II. This allowed the United States to grow into a unique economic powerhouse. As the oil shock broke out and prices rose so much, a 17% high interest rate policy was implemented to lower prices. The problem is that the manufacturing industry has begun to collapse when it can not afford the 17% interest rate. For companies, it was not possible to make profits with a 17% interest expense. Since then, made in USA will gradually disappear from the world market.