In 1979, the Iranian hostage crisis occurred. It was a major thorn in the side of Jimmy Carter and lead to him being beaten by Ronald Reagen in the following election
American economy in the 1970's became stagnant as America stopped fighting in the Vietnam War. Hence, the United States began to recover from the Vietnam War. The rate of inflation was high, and unemployment was also at record-breaking during this time. The U.S. economy was a blend for most of that decade. Hence, government programs discouraging stagflation was one of the major problems of America during the 1970's
