Why did the us economy slump in the 1970s and 1980s?

"The second “decline” of the U.S. economy took place in the 1970s and 80s. America’s international economic position fell markedly by the end of the 1960s and beginning of the 1970s. In 1970, the export trade of the six countries of the European Community accounted for 27.6% of the world total, more than doubling that of the United States (13.7%). The figure for Japan was 6.2%. In 1971, the United States suffered from a trade deficit, though the amount was small ($2.2 billion). Shortly, it rose to $6.8 billion in 1972, and since then, it occurred almost every year, which was totally different from what was before the 1970s. The case for Japan was just the opposite. Not only Japan experienced fast increase of its export trade but it also earned a surplus of $300 million in 1965 for the first time since the end of World War II. Its surplus increased annually to reach $5.17 billion in 1972, almost as much as the deficit ($6.8 billion) suffered by the United States in the same year. As regards the world gold reserve, the United States accounted for 29.9% of the total in 1970, which was much less than the European Community (36.9%). The position of the US dollar, though remaining the world’s principal reserve currency and settlement currency, had been clearly weakened, and that of the Deutsche mark and Japanese yen markedly risen. The “dollar shortage” in the initial years after World War II gradually became “dollar oversupply”. This eventually led to the dollar crisis in the early 1970s. In 1971, the United States suspended the exchange of US dollars for gold, and various countries began to implement the floating exchange rate system. The Bretton Woods system centered on gold thus collapsed. This was an important symbol for America’s “decline”."

Recession is an economic slump that is milder than a depression.

separation of powers, therefore, refers to the division of government responsibilities into distinct branches to limit any one branch from exercising the core functions of another.   the intent is to prevent the concentration of power and provide for checks and balances.  

the traditional characterizations of the powers of the branches of american government are:

* the legislative branch is responsible for enacting the laws of the state and appropriating the money necessary to operate the government.

* the executive branch is responsible for implementing and administering the public policy enacted and funded by the legislative branch.

* the judicial branch is responsible for interpreting the constitution and laws and applying their interpretations to controversies brought before it.

forty state constitutions specify that government be divided into three branches:   legislative, executive and judicial.   california illustrates this approach; "the powers of state government are legislative, executive, and judicial.   persons charged with the exercise of one power may not exercise either of the others except as permitted by this constitution."

while separation of powers is key to the workings of american government, no democratic system exists with an absolute separation of powers or an absolute lack of separation of powers. governmental powers and responsibilities intentionally overlap; they are too complex and interrelated to be neatly compartmentalized. as a result, there is an inherent measure of competition and conflict

minnesota:   minnesota house research,   separation of powers: when statutes and court rules conflict, 2005

i believe he should not do investment b