HIST 2013 Study Guide - Quiz Guide: Iran Hostage Crisis, Presidency Of Jimmy Carter, Stagflation
25 Aug 2016
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Decade of limits: the 1970s and the end of an era. These percentages are combined to create the misery index: causes of stagflation. Lbj cuts taxes and then kennedy prints money instead of raising taxed. Germany, japan, south korea start to kick our ass in production: post wwii/cold war policy us provided money to rebuild these countries. Causes local businesses to be undercut by these global producers. Opec organization for petroleum exporting companies: us sends israel military supplies and opec puts embargo against oil shipments to us, influxes crude oil cost 470% overnight, gas rationing put into effect/incidents of gas syphoning occur. Not a liberal: southerner, former peanut farmer, a lot of support from religious voters despite being democrat. Malaise speech: post 1-month hunker down at camp david, problem with us is americans lost confidence and as a country we are obsessed with consumption and materialism and need to go back to caring for each other.
