The Economy in the 1970s Answers

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As a result of a revolution in Iran during 1978 and 1979,

oil supplies to the US were disrupted, causing oil prices to rise.

the cartel of countries controlling part of the oil market decided to increase production.

the cartel of countries controlling part of the oil market decided to stop production.

the United States cut off diplomatic relations with Iran’s government.

Which measures did President Carter propose to help the US economy in the late 1970s?

a reduction in foreign energy dependence

a reduction in foreign oil supplies

an increase in US oil prices

an increase in US energy use

President Carter’s policies for increasing economic growth in America

had no impact.

had a slight impact.

were highly controversial.

were met with resistance.

When President Carter took office in 1977, the US economy was

improving rapidly.

improving slightly.

getting slightly worse.

getting rapidly worse.

President Carter’s Community Reinvestment Act

encouraged banks to lend in low- and moderate-income areas.

encouraged the wealthy to take out more loans.

encouraged banks to charge more interest on loans.

encouraged the wealthy to invest in suburban areas.

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