Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template
293,044
edits
Changes
Jump to navigation
Jump to search
Line 7:
Line 7: − + + +
→Presidency: stagflation
==Presidency==
==Presidency==
Carter's presidency was marked by a period of American supremacy being challenged abroad and economic recession and [[stagflation]] striking at home. In the midst of the 1980 campaign, a pro-U.S. monarchy was toppled by the 1979 [[Iran|Iranian]] Revolution and dozens of [[Iran Hostage Crisis|American hostages were taken]] inside the American embassy by Islamic fundamentalist revolutionaries after Carter gave sanctuary to exiled dictator Mohammad Reza Pahlavi. With the international outrage at the [[Soviet Union|Soviet]] invasion of [[Afghanistan]] later the same year, Carter was rendered impotent, as America saw its influence declining abroad.
Carter's presidency was marked by a period of American supremacy being challenged abroad and economic recession and [[stagflation]] striking at home. Carter's presidency was marked by retrenchment, after the disappointing agony that had been the [[Vietnam War]], and economic [[stagflation]] churning at home.
In the midst of the 1980 campaign, a pro-U.S. monarchy was toppled by the 1979 [[Iran|Iranian]] Revolution and dozens of [[Iran Hostage Crisis|American hostages were taken]] inside the American embassy by Islamic fundamentalist revolutionaries after Carter gave sanctuary to exiled dictator Mohammad Reza Pahlavi. With the international outrage at the [[Soviet Union|Soviet]] invasion of [[Afghanistan]] later the same year, Carter was rendered impotent, as America saw its influence declining abroad.
Inflation and interest rates reached their highest levels since [[World War II]] as the administration freed domestic oil prices in response to rising prices from [[OPEC]]. The Misery Index, Carter's own invention of economic well-being, rose 50% in four years.
Inflation and interest rates reached their highest levels since [[World War II]] as the administration freed domestic oil prices in response to rising prices from [[OPEC]]. The Misery Index, Carter's own invention of economic well-being, rose 50% in four years.