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Explore Ford, Carter, and the Economic Malaise: Crash Course US History #42 with 2,126,340 views, 18,326 likes, and 869 comments. Experience the impact of this video content that has captured audience attention.

In which John Green teaches you about the economic malaise that beset the United States in the 1970s. A sort of perfect storm of events, it combined the continuing decline of America's manufacturing base with the oil shocks of 1973 and 1979 and brought about a stagnant economy, paired with high inflation. Economists with a flair for neologisms and portmanteau words called this "stagflation," and it made people miserable. Two presidential administrations were scuttled at least in part by these economic woes; both Gerald Ford and Jimmy Carter are considered failed presidents for many reasons, but largely because of an inability to improve the economy. (hint: In reality, no one person can materially change something as big as the world economy, even if they are president, but one person sure can make a handy scapegoat!) So, by and large, the 70s were a pretty terrible time in America economically, but at least the decade gave us Mr. Green. Crash Course is no longer available on DVD, sorry to disappoint. Chapters: Introduction: The 1970s 00:00 Economics in the 1970s 1:02 The End of the Gold Standard 2:32 The Decline of American Manufacturing 2:54 Oil Shocks 4:12 Stagflation and the Misery Index 5:16 Gerald Ford's Presidency 5:49 Jimmy Carter's Presidency 6:52 Mystery Document 7:15 Nuclear Power 8:51 Carter's Foreign Policy 9:17 The Economic Crisis of the 1970s 11:18 Credits 12:44 -- Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Instagram - https://www.instagram.com/thecrashcourse/ CC Kids: http://www.youtube.com/crashcoursekids

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