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Question
crisis of confidence
in the late 70s, president jimmy carter described the state of the american economy as a “crisis of confidence.” this meant that the american people did not believe that the economy was ever going to recover.
- the government was expected to fix the economy.
- there were several one - term presidencies throughout the 1960s and 1970s, including jimmy carters.
- this allowed for several different economic plans to be implemented.
- however, none of them seemed to be able to kickstart the economy.
what did jimmy carter say the american people lost hope in during the late 1970s?
the economy recovering
state governments helping
the president intervening
Brief Explanations
The text states Carter described the situation as a "crisis of confidence" where Americans didn't believe the economy would recover.
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the economy recovering