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Protection for the Automobile Manufacturing Industry

an, Ohio, and Indiana, however, were not convinced that the Pact was such a good deal. As a result, they demanded and received from Washington legislated guarantees of federal monetary assistance, if jobs were lost as a result of the Pact.23 Although the UAW

23C. F. Bergsten, T. Horst, and T. H. Moran, American Multinationals and American Interests, rev. ed. (Washington: The Brookings Institution, 1983) 481.

18supported the Pact, they joined the governors and legislators from Michigan, Ohio, and Indiana in pressuring the federal government for the financial guarantees.

By 1979, the automotive and automotive parts industry in Canada had become the second largest (behind food and beverages) in the country. By this time, the Chrysler Corporation was in deep financial trouble, but the company's troubles were not related to the Pact. Chrysler's troubles were directly related to poor management decisions, and to the success of imported automobiles in the American market.

The success of the imports had been facil

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Protection for the Automobile Manufacturing Industry. (1969, December 31). In LotsofEssays.com. Retrieved 09:33, May 17, 2024, from https://www.lotsofessays.com/viewpaper/1684448.html