World War 2 created a peak of a trade surplus in the 40’s but then there was a downward slide since the 70’s. When president Nixon killed the gold standard in the early 70’s, which made it that dollars were made for the amount of gold held, there was a turning point. Because there is a connection between US gov deficits and US trade deficits, other countries recognize its strengths and make investments in American goods. And because dollars are more attractive due to other countries investing in those bonds, American goods are more expensive. In order to lower the trade deficit, we need to weaken the strength of the US dollar by decreasing government spending. He applied scripture to show that mutual gain and stewardship of resources are biblical principles.
I really like your points especially about the killing of the Gold Standard in the early 70s.
I like the way you brought in specific dates and historical events!! Good job!