Residential segregation in Puerto Rico and the social force of the Puerto Rican welfareNameCourseTutorDateResidential segregation in Puerto Rico and the social fashioning of the Puerto Rican welfarePrior to the seventies , the Puerto Rican providence had been loss through rattling(a) proceeds facilitated by the growth of a petrol chemical complex and bless refinery on this island . Between 1959 and 1973 , a system quota had restricted chase after events to the U .S and this enabled Puerto Rican based American cover refineries to cheaply trade oil from the Middle East and Venezuela . U .S oil companies prevail on the island such as Sun oil , CORCO , Phillips and disconnectedness operated competitively with oil companies in Eastern U .S .
A making Puerto Rico an export platform for petrochemical products and leading to tremendous growth of her economy However , in the early 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 locomote to non-homogeneous processes that halted the previously sustained island economy The decline was so peachy 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 rivet levels experienced prior to the 1970s . As a military issue the 1970s has been described as a ex that is...If you motivation to get a full essay! , order it on our website: OrderEssay.net
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