The 1970’sThe 1970’s

Gerald Ford 1974-1977Gerald Ford 1974-1977

Jimmy Carter 1977-1981Jimmy Carter 1977-1981

Economic Problems of the 1970’sEconomic Problems of the 1970’s InflationInflation

• Deficit spending and no tax hikesDeficit spending and no tax hikes

OPECOPEC (Organization of the Petroleum Exporting Countries)(Organization of the Petroleum Exporting Countries)

• Uses oil as a political weaponUses oil as a political weapon• Rising oil pricesRising oil prices

Decline of ManufacturingDecline of Manufacturing• ““stagflation” – inflation combined with stagnant stagflation” – inflation combined with stagnant

consumerism and high unemployment.consumerism and high unemployment.

Who is Gerald Ford?Who is Gerald Ford?

Student-AthleteStudent-Athlete Navel ManNavel Man Married ManMarried Man Politician Politician (Republican)(Republican)

• Congressman Congressman (1948-73)(1948-73)

• Vice-Pres. Vice-Pres. (1973)(1973) 2525thth Amendment Amendment

• President President (1974-77)(1974-77) Only never elected Only never elected

PresidentPresident

Ford’s Major ChallengesFord’s Major Challengeshttp://www.youtube.com/watch?v=jlz0he9rtKw

Restore confidenceRestore confidence in the Gov’t after Watergate. in the Gov’t after Watergate.• Pardon NixonPardon Nixon

RegainRegain the country’s the country’s pridepride that existed before that existed before Vietnam War. Vietnam War. (1975 – Saigon Falls)(1975 – Saigon Falls)

• Amnesty to draft dodgersAmnesty to draft dodgers

Find World PeaceFind World Peace• Détente with Soviet Union & ChinaDétente with Soviet Union & China• Helsinki AccordsHelsinki Accords

Fix the EconomyFix the Economy (recession, inflation, energy shortages)(recession, inflation, energy shortages)

• ““WIN” (Whip Inflation Now)WIN” (Whip Inflation Now)

1976 Presidential Election1976 Presidential Election

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

- Jimmy Carter- Jimmy Carter

Who is Jimmy Carter?Who is Jimmy Carter?

Business ManBusiness Man

Married ManMarried Man

PoliticianPolitician (Democrat)(Democrat)

• Gov. of Georgia Gov. of Georgia (1970)(1970)

• PresidentPresident (1976-1980) (1976-1980)

Carter’s Major ChallengesCarter’s Major Challenges

Fix the EconomyFix the Economy (recession, inflation, energy shortages)(recession, inflation, energy shortages)

• Increase spending /cut taxes = end recession / high Increase spending /cut taxes = end recession / high unemploymentunemployment

• Reduce money supply / increase interest rates = control inflationReduce money supply / increase interest rates = control inflation

Energy CrisisEnergy Crisis• Department of EnergyDepartment of Energy• Fuel ShortageFuel Shortage

Morality in Foreign PolicyMorality in Foreign Policy• Remove American Interventionism (Panama Canal)Remove American Interventionism (Panama Canal)• Single out Human Rights violators (Soviet Union)Single out Human Rights violators (Soviet Union)

Embargo on grainEmbargo on grain Boycott 1980 OlympicsBoycott 1980 Olympics

Carter’s Major ChallengesCarter’s Major Challenges

Find World PeaceFind World Peace• Camp David Accords – Peace TreatyCamp David Accords – Peace Treaty

Problems in the Middle EastProblems in the Middle East• Iran Hostage Crisis (1978)Iran Hostage Crisis (1978)

http://www.youtube.com/watch?v=gGUI7kDLsQo

Ford and Carter’s LegacyFord and Carter’s Legacy

Failure to fix the U.S. EconomyFailure to fix the U.S. Economy Foreign Policy average at bestForeign Policy average at best