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1970s, and reached 66,281 by 1980. During the late 1980s, the McAllen Foreign Trade Zone was an important general-purpose foreign trade zone. At the time, McAllen's main industries were retail, tourism and farming, and each was in trouble. The devaluation of the Mexican peso in the 1980s put a damper on cross-border shopping; local tourism was down because of the recession. In 1983, a freeze took out much of the valley's

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