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Essay / The Downward Spiral of the American Economy world in need of help from the United States. This idea led many Americans to conclude that if the United States closed its borders to foreign trade, it would raise its standard of living and make America more profitable. However, this idea is wrong. The United States must not close its borders to foreign trade because if trade borders were to close, American manufacturing plants would begin to close their doors, the American transportation system and utilities would suffer, resulting in losses jobs in the United States. Due to foreign trade, manufacturing companies would feel financial difficulties, which could lead to job losses. American manufacturing companies rely on profits generated from selling their products in foreign markets and on many foreign products to assemble those products. If companies are unable to import the materials they need, then they will not be able to produce the products desired and needed by U.S. and foreign buyers. Job loss would be inevitable and would lead to many of the same problems faced today, but on a larger scale. Job losses, foreclosed homes and people who still have jobs would be living paycheck to paycheck. If manufacturing came to a nationwide halt, almost everyone would feel the financial strain, even those who aren't currently feeling it. Manufacturing company stores would see a decrease in the products they supply, and the products still available would be much more expensive. Closing borders to international trade will lead to financial stress and job losses in the manufacturing sector. If middle of paper ......backwards, America would see its profits increase by another fifty percent (United "Economy"). So, instead of closing international trade borders, Americans should think about the positive aspects of foreign trade. Americans need to understand how important imports are to the national economy and that without them, the United States would not be the great country it is today. Works Cited “ASCE Assesses the Infrastructure Crisis.” Professional Safety 52.11 (2007): 6-. ProQuest Research Library. Internet. November 1, 2011. Lugar, Dick. “The History of Oil: Top 10 Questions About the History, Development, and Issues of Oil.” » and Web. October 25, 2011. United States. Energy Information Administration. “25th anniversary of the 1973 oil embargo.” March 7, 2000. The web. November 1, 2011.- - -. Office of the United States Trade Representative. “Economy and trade”. and Web. October 25. 2011.
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