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The Japanese corporation Bridgestone owns Firestone Tire and Rubber Company, which operated a large tire factory here. Firestone's Decatur plant was closed in December 2001 amid a tire failure controversy. All 1,500 employees were laid off. [62] Firestone cited a decline in consumer demand for Firestone tires and the age of the Decatur plant as ...
The Bank of the United States also contracted its lending. The price of agricultural commodities fell by almost 50 percent from the high in 1815 to the low in 1821. These commodities' prices did not recover until the late 1830s, although to a significantly lower price level. Most damaging was the price of cotton: the U.S.'s main export.
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