In the 1960s, the United States began to experience sequential balance of payments deficits.

Name: In the 1960s, the United States began to experience sequential balance of payments deficits.
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During the 1960s, the United States indeed began to experience sequential balance of payments deficits, primarily due to increased domestic spending on social programs and military expenditures abroad, including the Vietnam War, which led to more money flowing out of the country than was coming in.

In the 1960s, the United States Began to Experience Sequential