At the same time that the United States was struggling to retain economic dominance abroad, it was also desperately attempting to stem the domestic effects of a global recession brought about by inflation, foreign wars, rising oil prices, and a global food shortage. 2) Check all that apply. a) New money policies in the late 1970s were successful in turning the economy around quickly and helping President Carter regain the nation's confidence. b) Technological advances revitalized northern states in particular, creating numerous new jobs in what had previously been declining industrial areas. c) A new era in personal computing began as technological innovations made smaller, desktop systems possible. d) The sluggish American economy prompted a rise in entrepreneurial activity, particularly in the "Sunbelt