"Sometimes there just aren't enough rocks."
-Forrest Gump
My musings about Life, the Universe, and Everything...plus a few other things.
"Sometimes there just aren't enough rocks."
Tags: Philosophy
"Carter did not have any more luck than Ford had in curbing stagflation, as economists had termed it. Carter tried to address the price of imported oil and the subsequent energy dilemmas by creating the United States Department of Energy, but his efforts were largely unsuccessful, leading to the 1979 energy crisis, which was also felt in other parts of the world. Carter's leadership was also challenged abroad, with the aforementioned Iran hostage crisis, arguably the biggest blow to Carter's administration. The hostages were only released when Ronald Reagan took the oath of office on January 20, 1981, succeeding Carter."
Tags: Economics