The correct answer is A) raised interest rates in an attempt to slow down inflation.
<em>Under President Carter, the Federal Reserve raised interest rates in an attempt to slow down inflation.
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When Jimmy Carter took the presidency of the United States the economy was improving slowly. But the Federal Reserve attempt to slow down inflation in the late 70s made the economy of the country to slow more. The U.S, recession of that time had been caused by the oil embargo, so President Carter’s idea to improve the economy of the nation was to reduce the dependence of foreign energy and petroleum.
The best definition of subsistence agriculture is <span>(4) producing just enough food for a family’s use.
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The stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff (Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported goods. The tariffs under the act, excluding duty-free imports were the second highest in United States history, exceeded by only the Tariff of 1828), government policies; bank failures and panics; and the collapse of the money supply.
