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Jimmy Carter: The Great Depression

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The three presidents Jimmy Carter, Herbert Hoover, and Ronald Reagan had problems before and during their presidency like Herbert Hoover had “The Great Depression” that cause an economic collapse and it was the longest and severe depression. Jimmy Carter had economic issue like inflation, unemployment, and balancing budgets. Ronald Reagan had problems with tax cuts, interest rates, and the military budget. The three presidents had problems that’s when they different economic policies on the economy. Economic downfall was the effect of the stock market crash that encouraged the cause rapid increase in bank credit and loan. Unemployment rate was squatter of the people were unemployed (Doc C). During 1915 and 1935 about 4000 bank were suspended …show more content…

Carter had lots of policies but they were never passed by the congress and the economy remained slow. And to solve this problem Jimmy Carter cut income taxes, asked for control on the wage and prices, and also cut back social spending and through these actions Carter was able to bring down the unemployment rate. Carter faced with slow economic growth, energy crisis, and OPEC. OPEC nations started to increase the price on oil and decrease the amount of oil selling to United States and Carter asked the congress to lower the oil and gas use, increase tax on the oil and gas, and use solar energy to save oil and gas. Carter had four principles “First, the economy must keep on expanding to produce new jobs and better income, which our people need. The fruits of growth must be widely shared. More jobs must be made available to those who have been bypassed until now. And the tax system must be made fairer and simpler. Secondly, private business and not the Government must lead the expansion in the future. Third, we must lower the rate of inflation and keep it down. Inflation slows down economic growth, and it 's the cruelest to the poor and also to the elderly and others who live on fixed incomes. And fourth, we must contribute to the strength of the world economy” (Doc G) he stated these principle in his State of Union Address in 1978. When Carter left office, the recession expanded with unemployment numbers reaching 7.5 percent, mortgage rates at 15 percent, and interest rates peaking at an all-time high of 20

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In his comments, Reagan says Carter has misrepresented the evidence because he has not provided context on government spending in California . Carter fails to provide evidence for how his new policies will decrease inflation . Reagan’s claim that inflation rose sharply under Carter is supported by the data. Reasons and evidence that Reagan uses to support his argument include the increase in inflation rates and the number of jobs lost . The reasons and evidence that President Carter use to support his argument include the decrease in inflation rates and the number of new jobs created .In

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4- During the Reagan presidency he faced a number of significant issues both domestically and abroad. One major domestic issue Reagan faced was the economy. At the beginning of Reagan's presidency the US was facing high inflation and high unemployment rates. Reagan's economic policies known as “reaganomics' ' included tax cuts, deregulation and increased military finds. While these policies were controversial they did lead to a period of economic growth and low inflation in the mid 1980’s.

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to fulfill the role of the economic leader, The president and the nations budget, make tax proposes, and determines how to handle an economic crisis. An extraordinary example of an economic leader is President Ronald Reagan. Reagan said the fundamentals of America 's economy with tax cuts, introducing Reaganomics, increasing military funds, reducing the social program budget and recovering the economy from the stock market crash. Reaganomics, economic policies introduced by President Ronald Reagan, focuses money towards America 's military. With healing the stock market, economic leader Ronald Reagan displays how the economic leader protects the common

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Unemployment rates began to increase. Over time, Reagan had increased taxes 11 times, mainly on the middle class. When Reagan had left office, he had tripled the national debt of United States. This had affected the United States and led to several issues later on. This is the reason Reaganomics had both aided some and destroyed others.

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He then raised taxes on cars he believed took up too much gasoline to power them. Another thing Jimmy Carter could have done better at but did not do such a good job at was international policies while he was in office. New threats from the middle east and the cold war nations made Jimmy Carter give things to those nations that would end up hurting the United States. When he put in place his Carter Doctrine which would not allow the U.S.S.R to expand he did it without looking at the future. This policy is to blame when it comes to most of the problems of the Middle East today.

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The Great Depression was a time during 1929 to 1939, It was the longest lasting economic disaster. The two presidents in term during this crisis, Franklin D. Roosevelt and Herbert Hoover, approached this problem in different ways. Hoover’s idea on this was to have private citizens help each others, while Roosevelt believed the government should take care of its people with social programs. Looking at these ideas in more depth we can infer ways our country should go. Herbert Hoover served as president during 1929 to 1933.

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With a strong mandate, FDR moved quickly during the first hundred days of his administration to address the problems created by the Great Depression. Under his leadership, Congress passed a series of landmark bills that created a more active role for the federal government in the economy and in people�s lives. During the first hundred days of his administration, Congress passed the Emergency Banking Relief Act, which stabilized the nation�s ailing banks and reassured depositors, created the Federal Emergency Relief Administration (FERA), the National Recovery Administration (NRA), the Agricultural Adjustment Administration (AAA), and the Tennessee Valley Authority (TVA). Believing that work programs were better than relief, FDR secured passage

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Jimmy Carter emphasized five specific points that supported his position that America’s prosperity could not be the only condition to base foreign policy decisions on. The first point being made was about setting foreign policy and that America had to put human rights in the forefront of policy decisions. Carter then continued to explain that it was imperative that the democratic countries of the world unite for economic strength by improving the worldwide monetary system, and to examine ways to increase free trade. The third point that he made targeted the arms race with the Soviet Union. He believed that it was a dangerous situation abd wrong on a moral level.

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Carter was not reelected after his four years of being president, but he continued to bring peace in foreign nations and help the United States with foreign relationships. Overall most people considered Jimmy Carter to be a president who did not do as much as he should have as president. Carter’s failures are what the people see instead of his improvements he made to foreign policy and the United States economy. Instead of people seeing how Carter ended the war between Israel and Egypt all they saw was how Carter failed to rescue the hostages from Tehran. Two things that people often forget is how Carter deregulated airlines and beer.

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The most significant event in American history that brought tension among different groups particularly class groups was during the great depression. In 1929, when the stock market crashed and many banks closed for the people would be rushing to the banks to get their money out. Many middle class families became irate because everyone (the middle class and lower class) was for the most part money equal. There were several murders and suicide all over money. There were many letters wrote to the Roosevelts asking for help because you could not ask others for help for people’s pride was in the way or others did not have anything to give.

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In 1933, Franklin D. Roosevelt became the president of the United State after President Herbert Hoover. The Great Depression was also at its height because President Hoover believed that the crash was just the temporary recession that people must pass through, and he refused to drag the federal government in stabilizing prices, controlling business and fixing the currency. Many experts, including Hoover, thought that there was no need for federal government intervention. ("Herbert Hoover on) As a result, when the time came for Roosevelt’s Presidency, the public had already been suffering for a long time.

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The Great Depression was a time of disparity; many people lost their jobs, their families, and the will to live. Many problems arose for the people of the United States. Three specific problems that these people experienced were food shortages which which was made worse due to President. Hoover's philosophy, increased racial discrimination which led to the creation of an executive order, and economic problems for farmers which was solved agreeably. Although many people struggled during this time it also showed the determination of people wanting to get better and not giving up because of how many obstacles were in their way.

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Franklin Delano Roosevelt was 1 of the best presidents USA has every had. FDR was disabled from the waste down at the age of 39. It was called Polio. He was trying to the best job he can as president because he was disabled, so he was trying to prove himself. He proved that he can do anything even tho he was disabled.

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continued to face an economic crisis that led to President Carter’s focus on helping businesses. The 1970s was a period of stagflation (Kosc, Jimmy Carter). The World Economic Forum defines stagflation as “a period when slow economic growth and joblessness coincide with rising inflation” (Detrixhe). The country was facing a crisis in urban areas at the time due to large numbers of citizens moving to suburbs. When these people moved, they took their tax money with them, which caused city services to rapidly decline (Kosc, Jimmy Carter).

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During his pres-idency, he experienced a series of energy crises, high inflation and massive amounts of unem-ployment when were not dealt with properly. He was thoroughly defeated by Reagan in the next election showing the American People did not approve of the job he did as

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