I don't know exactly what model that Fender is, but in the '70s Fender took a brief stab at making decent quality American-made solid-wood acoustics. They weren't a Gibson or Martin or anything (Fender got big by first making relatively budget-priced reasonable quality electric guitars), but they were pretty decent (approaching the quality of say a Guild maybe of the same era). It didn't really work out for them I guess and soon they went the Oriental/laminate-wood route. My first brand-new acoustic was an American-made solid-wood Fender. I still have it, and for what it was and what it cost it's still a decent playing and sounding guitar. Actually I guess adjusting $250 early-1970's dollars for inflation, etc it wasn't all that cheap of a guitar back then.
My parents refused to buy me a guitar when I asked for a steel string back in 1974. In 1975 they took me to Sears and got me a nylon string Aria for $99 and they said that was "expensive"

All I wanted was an OVATION knock-off from a company called MATRIX....all my friends had one at the time.
I wasn't until I bought a Washburn D15 in 1990 and spent $500+ for it. It was my first real guitar. Unbeknownst to me, I was totally ignorant of humidity issue w/ acoustics and within a few years, the guitar became uplayable. I though that was the nature of guitars, so basically I would have to get another one. In 1995 I plopped $1300 for a real Ovation Elite Standard. One of my best friends owns it today and it still plays like butter.
Ok, I'm rambling now....sorry.