The Economy in the 1970s

Question 1

President Carter’s first economic plan proposed

Revolt · Accepted Answer

increasing government spending.

Question 2

Under President Carter, the Federal Reserve

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raised interest rates in an attempt to slow down inflation.

Question 3

The US recession in the 1970s was caused by

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an oil embargo.

Question 4

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

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

Question 5

President Carter’s policies for increasing economic growth in America

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had a slight impact.

Question 6

The Federal Reserve’s attempts to reduce inflation in 1979

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caused the economy to slow further.

Question 7

What did Americans experience during the oil shock of 1979?

Revolt · Accepted Answer

gas shortages

Question 8

How did President Carter respond to the energy crisis in 1979?

Revolt · Accepted Answer

He tried to increase US oil production.

Question 9

A major event that took place in the United States in 1979 was

Revolt · Accepted Answer

an energy crisis.

Question 10

How did the shortage of oil from OPEC nations affect the United States?

Revolt · Accepted Answer

It created more unemployment.

The Economy in the 1970s Answers