The U.S. automotive industry boomed in the early 1900s, and after the Second World War because of pent-up demand, an increasing middle class, and the growth of the interstate freeway system. In the Seventies, the oil crisis and rising competitors from Japanese automakers led to challenges for American car manufacturers. The early twenty first century saw challenges as a outcome of financial downturns, notably the 2008 monetary disaster. American automakers, especially the “Big Three” , faced extreme monetary difficulties.
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