Energy Source: Office of Trade and Economic Development, Washington state. Available at: http: //www. cted. wa. gov/energy/archive/FILES/PRFL/docs/key 09/k 09 page. htm
Inflation A Case Study: The March Inflation Rate - April 19, 2006. Source: Econed. org, available at http: //www. econedlink. org/lessons/index. cfm? lesson=EM 685&page=teacher
Interest Rates Source: Christopher D. Merrett, The Future of Rural Communities in a Global Economy, University of Iowa Center for International Finance and Development. Available at: http: //www. uiowa. edu/ifdebook/issues/globalization/perspectives/merrett. shtml
Carter and America n n Ineffectual leadership style Economic problems: ¨ inflation, high interest rates, growing energy costs, gas shortages, decline of manufacturing n n Goals: reduce energy use, energy independence International issues: instability in the Middle East
Economic Crisis n n End of the 1970 s, interest rates on homes at 17% OPEC embargo of 1973 had long impact ¨ Oil prices remained high ¨ US cars averaged only 13. 4 mpg ¨ Oil crisis of 1979 led to shortages, lines at gas stations. ¨ Carter urged conservation, talked about an “Age of Limits. ” Americans did not want to hear it.
Foreign Policy Woes n n n Major goals: ending US support for repressive regimes, Seeking peace: the Camp David Peace Accords The first major confrontation with militant Islam
Iranian Hostage Crisis n Iranians seize US Embassy. ¨ Capture n n 66 people for 444 days Americans uneasy with government powerlessness Failed rescue effort, April, 1980
Carter Approval Ratings
Election of 1980 Republican: Ronald Reagan Democrat: Jimmy Carter