1. Auto Industry
This froze American gasoline prices at the lowest level in the industrial world, discouraged new oil exploration, and encouraged the auto industry to make large, heavy, fuel-inefficient cars. ... American companies had a new strategy; they almost immediately downsized everything from their automobile designs to their payroll because they had relearned the economic facts of life. ...
- Word Count: 1148
- Approx Pages: 5
- Has Bibliography
- Grade Level: High School