During the 1970's, the economy in the United States became stagnant. At the beginning of the decade, the U.S. was still recovering from the Vietnam War, the inflation rate was high, and unemployment was also at an all-time high. Add this to a worldwide energy shortage, the U.S. economy was a mess for most of that decade.
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it created economic problems.
Carter and Ford both faced economic problems but neither could solve the problems.
council of economic advisers=]
Economic problems in America
According to my textbook, the seven major economic goals that most Americans agree on are as follow: Economic freedom Economic efficiency Economic equity Economic security Full employment Price stability Economic growth