Crash Course U.S. History: The 1970s

What major economic shift occurred in the 1970s in the U.S.?

• Continuation of economic prosperity

• Increase in agricultural productivity

• End of broad economic expansion

• Decrease in technological advancements

Which countries were economically promoted by the U.S. after WWII?

• Canada, Australia, New Zealand, and Russia

• Japan, Germany, South Korea, and Taiwan

• China, India, Brazil, and Mexico

• France, Spain, Portugal, and Italy

What was the effect of the U.S. promoting economic growth in Japan, Germany, South Korea, and Taiwan?

• It led to a decrease in U.S. exports

• It reduced global competition

• It increased U.S. manufacturing jobs

• It led to increased competition in manufacturing

What was the main reason for the decline of manufacturing jobs in the U.S. during the 1970s?

• Lack of raw materials

• High taxation

• Global competition and automation

• Decrease in consumer demand

What was the primary cause of the economic challenges in the 1970s?

• Decrease in consumer spending

• Increased government spending

• Oil shocks and global competition

• Technological advancements

What was the impact of the oil shocks on the U.S. economy?

• Stabilization of the economy

• Increased dependency on foreign oil

• Rise in inflation and economic challenges

• Decreased oil prices

What was the 'misery index'?

• An index of manufacturing output

• A measure of economic prosperity

• A combination of unemployment and inflation rates

• A rating of political stability

What was Gerald Ford's notable domestic program?

• Whip Inflation Now (WIN)

• Economic Prosperity Initiative

• Manufacturing Revitalization Act

• Federal Employment Growth

What was a major economic issue during Gerald Ford's presidency?

• Surplus in trade balance

• Rapid economic growth

• Low rates of inflation

• High unemployment rates

What was a major failure of Jimmy Carter's presidency?

• Reduction of nuclear weapon spread

• Improvement in U.S.-Soviet relations

• The successful negotiation of the Camp David Accords

• The inability to manage the energy crisis