Economic Policies and Events of the 1970s

What economic conditions characterized the United States during the 1970s?

• High inflation and rapid economic growth

• Low inflation and slow economic growth

• High inflation and slow economic growth

• Low inflation and rapid economic growth

What was a significant reason for the decline of manufacturing in the United States during the 1970s?

• Increased demand for American-made goods globally

• American policies that promoted economic growth in other countries

• A decrease in the cost of labor and raw materials in the US

• A shift towards agricultural production in the US

What was a direct consequence of the 1973 oil embargo by Middle Eastern Arab states against the United States?

• A decrease in the price of oil

• Increased sales of large, American-made cars

• Long lines for gasoline and higher oil prices

• A significant increase in US oil production

What was the main goal of President Gerald Ford's "WIN" program?

• To increase military spending and national defense

• To encourage Americans to spend less and combat inflation

• To promote international trade agreements

• To create more manufacturing jobs in the Rust Belt

Which of the following was a domestic economic policy implemented by President Jimmy Carter to combat inflation?

• Increasing government spending

• Nationalizing major industries

• Cutting government spending

• Lowering interest rates

What was the main theme of President Jimmy Carter's "Crisis of Confidence" speech?

• The need for increased military spending to combat communism.

• A call for Americans to regain their faith in the future and their national purpose.

• The importance of expanding social welfare programs.

• A plan to nationalize the oil industry to solve the energy crisis.

What is considered President Jimmy Carter's greatest foreign policy achievement?

• Ending the Vietnam War.

• Negotiating the Camp David Accords between Egypt and Israel.

• Establishing diplomatic relations with China.

• Overthrowing the Shah of Iran.

How long did the Iranian Hostage Crisis last, and when did the hostages gain their freedom?

• 100 days, released after a successful military rescue.

• 250 days, released after a prisoner exchange.

• 444 days, released on the day Ronald Reagan was inaugurated.

• 365 days, released after a UN resolution.