Jimmy Carter served as the 39th President of America. America suffered one of the biggest problem during his presidency. Inflation rise its height and there was unemployment all around. There was great recession in America during the 1970s.
On e of the major cause of he recession is the oil crisis. The inflation rate in America is believed to be increased from about 6% to about 13 % during the presidency of Jimmy Carter. The stagflation caused in large parts of the country by the gasoline shortages and the disruption to the oil supplies globally hit America very badly and caused the inflation rise.
