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Jimmy Carter. Economic Policy and Crises
Economic Policy and Crises
This timeline details Jimmy Carter's economic policies and the significant economic challenges faced during his presidency.
1977
Energy Crisis
Carter addressed the energy crisis by proposing a comprehensive energy policy and creating the Department of Energy.
1978
Inflation and Interest Rates
The economy faced high inflation rates and rising interest rates, which became a major challenge for the Carter administration.
1979
Recession
Carter announced that the economy was in recession, with inflation rates hitting 10% and interest rates climbing to 18%.
1980
Boycott of Moscow Olympics
In response to the Soviet invasion of Afghanistan, Carter announced a U.S. boycott of the 1980 Moscow Olympics, which had economic implications.
