Final answer:
In many ways America was booming and becoming a world leader, this negatively impact the country through the decline of the domestic job market, increasing dependency on foreign goods, and growing income inequality.
Step-by-step explanation:
In many ways, America's boom and rise to world leadership had negative impacts on the country. One major negative impact was the decline of the domestic job market due to globalization. In the 1970s, the United States went from producing 40 percent of goods and services worldwide to only 25 percent. This led to the loss of manufacturing jobs, causing concerns about the economy and the military implications of losing the manufacturing base.
Another negative impact was the increasing dependency on foreign goods. By the late 1970s, the United States was importing more goods than it was exporting. This reliance on foreign goods made the country vulnerable to economic instability and disruptions in global trade.
Lastly, the economic boom had uneven benefits and resulted in growing income inequality. While some sectors of the economy thrived, many industrial workers saw a decline in wages throughout the 1970s, and thousands of factories closed each year. This led to economic decline in certain regions and mass migration in search of work. So therefore America's boom and rise to world leadership negatively impacted the country through the decline of the domestic job market, increasing dependency on foreign goods, and growing income inequality.