1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leto [7]
3 years ago
15

What caused stagflation? Why could the Nixon-Ford-Carter crowd not solve this problem?

History
1 answer:
guajiro [1.7K]3 years ago
8 0
1. Stagflation refers to the period of the 1970s that continued a bit into 1980s in which the US economy was devastated and in the worst shape since the Great Depression. There were three main causes for the stagflation and those were the inflation, economic stagnation and the rising prices.

2. The problem here was that never before has country has to face inflation, stagnation and price rise at the same time. The problem is these presidents did not know really what to do or where to start. Nixon and Ford firstly attacked inflation which did not help. Ford later focused on employment and the economic growth which helped but it was not a major turn that fixed everything. US was highly dependent on oil and that problem blew up thanks to the Oil Crisis that happened during the Carter presidency. He did though cut federal spending which only was evident during the Reagan. The stagflation was finally halted during Reagen's presidency and his supply-side economics but that created other problems. 
You might be interested in
What event in Europe led to the Middle Ages? *
anygoal [31]
The collapse of the Roman Empire
3 0
2 years ago
What is the most likely reason that the steamboat was developed soon after the steam locomotive?
Finger [1]
The locomotive used the same technology but could travel more broadly.
4 0
3 years ago
What did the Confederacy hope to gain by being aligned with Britain?
erastova [34]
<span>Mostly supplies of weapons and other things needed to conduct the War, and ultimately to gain independence.

Hope this helps.
</span>
5 0
3 years ago
Increasing feelings of nationalism among many groups led to which consequence after world war 1
anygoal [31]
It was this pan-Slavic nationalism that inspired assassination.
8 0
3 years ago
The reading describes foul-smelling stuff as coming from
Anna [14]
 Boils on the cattle.
8 0
3 years ago
Read 2 more answers
Other questions:
  • The Final Solution was Nazi Germany’s plan to
    12·2 answers
  • 1. What was the difference between common languages and the official language in the Middle Ages, and how did that contribute to
    6·2 answers
  • What was the primary objection of the anti federalist to ratification of the constitution
    5·1 answer
  • The Second Red Scare had a major impact on immigration __________.
    12·1 answer
  • How did the Harlem Renaissance impact American culture
    10·1 answer
  • This president was sworn in after president John F.Kennedy was assassinated in Dallas in 1963
    13·2 answers
  • Why is it difficult for historians to study early civilization
    5·1 answer
  • The rationale for Congress being bicameral was a compromise between which two groups:
    8·1 answer
  • Describe what happens to air as it sinks.
    10·1 answer
  • How did nomadic people communicate?​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!