Jimmy Carter

Attempting to lead the US through both domestic & foreign crises.

http://www.gonzo.org/books/rsm/covers.asp?ID=0

Economic Crisis of the 1970s

Rising costs of raw materials & fossil fuels

Increased international competition

Insufficient training for new jobs

CAUSESCAUSES Economic Problems in the 1970s

Block, 1974. http://www.loc.gov/rr/print/swann/herblock/one.html

Economic Crisis of the 1970s

OPEC – Fixed the petroleum

prices– OPEC embargoed US b/c

we supported Israel – There was a gas

shortage!http://www.theindependentreviewssite.org/9_2000/9_00_rev_word.html

OPEC: a history

Full name: Organization of Organization of Petroleum Exporting Petroleum Exporting CountriesCountries

Originally developed in 1960Included by 1972:– Iran, Iraq, Kuwait, Saudi

Arabia, Venezuela, Qatar, Indonesia, Socialist Peoples Libyan Arab Jamahiriya, United Arab Emirates, Algeria, Nigeria, Ecuador, Gabon

http://www.opec.org/About_OPEC/History.htm

Economic Crisis of the 1970s

Increased International Competition – Many factories closed– Growth in service

industry

Stagflation – Slowing growth in the

economy & rising prices = Inflation + Stagnant Economy

• Nixon tried to control inflation– cut spending & raise taxes

Election of 1976

Gerald Ford (R) & Bob Dole– Increase defense

spending– Retention of Panama

Canal – Opposition to busing and

abortion

Jimmy Carter (D) & Walter Mondale– Gained a wider support

base!– "I will never tell a lie to the

American people"

Others ran also…

Ronald Reagan of CAGeorge Wallace of ALRobert Byrd of WVTerry Sanford of NC

What did they say?

http://www.pbs.org/democracy/index.html

Carter’s Economy

First– increased govn’t spending & cut taxes– Inflation surged!

Then reduced money supply – Didn’t work either

War Against Consumption – Created Department of

Energy

People weren’t cutting back Oil industry was over-regulated.

Click for political cartoon link

What does this cartoon by Herb Block suggest about the energy programs of the Carter Administration?

– Answer on your paper.

Carter’s Foreign Policy“Our commitment to human rights must be absolute…”

Resumed diplomatic relations with ChinaTransferred control on Panama Canal to Panamanians (effective 12-31-99) Blamed Soviet leader from crimes against humanity USSR invaded Afghanistan – Embargo on sale of wheat to USSR – Boycotted Summer Olympics in Moscow

Carter’s Foreign PolicyThe Camp David Accords, September 17, 1978

Signed by Anwar Sadat (Egyptian King) and Menachem Begin (Israeli Prime Minister) and was headed by Carter– Israel had to return the

Sinai Peninsula– Egypt had to respect

Israel's borders.

The Sinai

Peninsula

Carter’s Foreign PolicyThe Middle East

Camp David Accords– 1978– A peace treaty between

Israel & Egypt – Sinai to Egypt

Iranian Hostages– 1979 the Ayatollah took

control of Iran – Nov. ’79 revolutionaries

took the US embassy under siege

– 444 days 52 Americans were held hostage

• Cost Carter his re-election