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Economic Diversification
The demand for copper in World War II and the E Montana oil boom of the early 1950s stimulated the economy, but the state still faces high transportation costs, a worker shortage, and slowness in regulating resources. A gradual trend toward a more diversified economy has seen manufacturing grow in importance; tourism is also on the rise. Coal exploitation increased dramatically in the 1970s, somewhat offsetting the decline of metals mining. In 1997 legislation was passed that aimed to attract foreign money by making the state an offshore banking haven.
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