Question

The presidency of Jimmy Carter, like the rest of the 1970s, was plagued by serious economic problems. In five to seven sentences, summarize the main troubles Carter faced, and explain why resolving these problems was so difficult.

Answer 1

Jimmy Carter while in Presidency was faced with five challenges which include; Inflation, Slow growth, Unemployment, Stagflation, and The second oil shock. This made it so President Carter persuaded the people into conservation and less spending. Companies were made to only pay 7% with any contracts they made new and old and the oil shock, which came from the iran revolution,  made it so the people became more conservative and made oil cheaper by having to not pay for what wasn't used.

Answer 2

After the swirl of economic growth in the  year 1950s and 1960s, the United States’ economy grew sluggish in the 1970s. During that decade, no year had a growth rate which equates any year of the previous two decades.

 

Jimmy Carter, the 39th president of U.S., striving to react to all the dreadful challenges which includes a huge energy crisis and high inflation and unemployment too.