Question

(TCO 5) Discuss the origins and consequences of the economic troubles Americans faced in the 1970s. How did Presidents Carter and Reagan respond to these problems?

Answer 1

The economic situation of America was worse in the 1970s'

The Origins of the Economic Troubles faced by America in 1970s:-

• Weak economic growth
• A high decrease in growth-rate at a specific time
• The easy-money policy of the American Central Bank
• Increasing rate of interests by the American Central Bank to reverse the Changes

The Consequences of the Economic Troubles faced by America in 1970s:-

• A messy stock market
• 40 % loss in market shares
• High inflation rates
• Rising unemployment
• Reduced buying power

Earl Carter was the 39th President of the United States. He was the president of the United States from 1977 to 1981.

Ronald Reagan was the 40th President of the United States. He was the president of the United States from 1981 to 1989.

Both of them supported the Industry. They made supportive policies, increased their exports and created jobs to tackle the Recession faced by the American Economy.