What conditions account for the boom and bust cycles experienced by washington's economy in the latter half of the 20th century? provide specific examples to explain

An articulated system of national economies is represented by exchanging goods, services, capital, and technology, in a dynamic context of structural asymmetries are great factors that demonstrate the various phases of economic development during the twentieth century. In this area, structural changes, decisively influencing the abusive practice of exchange devaluations for protectionist purposes and commercial competition, have radically altered the monetary system known up to that time.

Large capital flows cease to be private to take the form of public transfers (through development banks) at an early stage of the post-war period, but they became predominantly commercial since the 1970s, when speculation in futures (foreign exchange and commodity exchanges) and the recycling of petrodollars put enormous sums of money - relatively cheap, due to the lag between interest rates and inflation levels. Rising US interest rates - to correct the country's huge fiscal and trade imbalances - resulted in the debt crisis of the early 1980s.

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