A making Puerto Rico an export platform for petrochemical products and leading to tremendous growth of her economy However , in the early mid-seventies , trio major events negatively affected the Puerto Rican economy : the U .S dollar mark devaluated swellly , oil import quotas ceased in the U .S and oil prices increased . Worse still , the U .S economy was going through a recession and all these factors gave muster to non-homogeneous processes that halted the previously sustained island economy The decline was so neat that between 1973 and 1975 , GNP fell from 5 to -1 .8 5 , a decline that ensured that the Puerto Rican economy would never get back to the dump levels experienced prior to the 1970s . As a armed services issue the 1970s has been described as a ecstasy that is ...If you motivation to get a full essay, o! rder it on our website: OrderEssay.net
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