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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

The 1970’s

Gerald Ford 1974-1977

Jimmy Carter 1977-1981

economic problems of the 1970 s
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.
who is gerald ford
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
ford s major challenges http www youtube com watch v jlz0he9rtkw
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)
who is jimmy carter
Who is Jimmy Carter?
  • Business Man
  • Married Man
  • Politician(Democrat)
    • Gov. of Georgia (1970)
    • President (1976-1980)
carter s major challenges
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
carter s major challenges1
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

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