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During the Carter Administration, the majority of business within the United States was family owned businesses. The Reagan Administration and 8 years changed a
by bsenftner 4y ago
During the Carter Administration, the majority of business within the United States was family owned businesses. The Reagan Administration and 8 years changed all that to the majority of businesses being owned by corporate conglomerates.
- starkd 4y agoGlobalization was already well on its way before the Reagan administration. Nixon's visit to China did a lot to change the trade landscape. Even in 1979, it seemed like everything was "made in China". It just became cheaper to do things overseas. There's a famous site that pins it the date at 1971: https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/