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The 1970’s

The 1970’s. Gerald Ford 1974-1977 Jimmy Carter 1977-1981. Economic Problems of the 1970’s. Inflation Deficit spending and no tax hikes OPEC (Organization of the Petroleum Exporting Countries) Uses oil as a political weapon Rising oil prices Decline of Manufacturing

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The 1970’s

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  1. The 1970’s Gerald Ford 1974-1977 Jimmy Carter 1977-1981

  2. Economic Problems of the 1970’s • Inflation • Deficit spending and no tax hikes • OPEC(Organization of the Petroleum Exporting Countries) • Uses oil as a political weapon • Rising oil prices • Decline of Manufacturing • “stagflation” – inflation combined with stagnant consumerism and high unemployment.

  3. Who is Gerald Ford? • Student-Athlete • Navel Man • Married Man • Politician (Republican) • Congressman (1948-73) • Vice-Pres. (1973) • 25th Amendment • President (1974-77) • Only never elected President

  4. Ford’s Major Challengeshttp://www.youtube.com/watch?v=jlz0he9rtKw • Restore confidence in the Gov’t after Watergate. • Pardon Nixon • Regain the country’s pride that existed before Vietnam War. (1975 – Saigon Falls) • Amnesty to draft dodgers • Find World Peace • Détente with Soviet Union & China • Helsinki Accords • Fix the Economy(recession, inflation, energy shortages) • “WIN” (Whip Inflation Now)

  5. 1976 Presidential Election

  6. “If I ever tell a lie, I want you to come and take me out of the White House.” - Jimmy Carter

  7. Who is Jimmy Carter? • Business Man • Married Man • Politician(Democrat) • Gov. of Georgia (1970) • President (1976-1980)

  8. Carter’s Major Challenges • Fix the Economy(recession, inflation, energy shortages) • Increase spending /cut taxes = end recession / high unemployment • Reduce money supply / increase interest rates = control inflation • Energy Crisis • Department of Energy • Fuel Shortage • Morality in Foreign Policy • Remove American Interventionism (Panama Canal) • Single out Human Rights violators (Soviet Union) • Embargo on grain • Boycott 1980 Olympics

  9. Carter’s Major Challenges • Find World Peace • Camp David Accords – Peace Treaty • Problems in the Middle East • Iran Hostage Crisis (1978) http://www.youtube.com/watch?v=gGUI7kDLsQo

  10. Ford and Carter’s Legacy • Failure to fix the U.S. Economy • Foreign Policy average at best

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