Ford, Carter, and the Economic Malaise: Crash Course US History #42

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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
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Shout out to John Green for keeping my history grade up

cristinalopez

"More, More, Always More, More For You. More. More. More. I Promise."
- _John_ _Green_, _on_ _Presidential_ _Election_ _Strategy_, _2013_

somecuriosities

Does anybody else think that they should do a Crash Course on Economics? A lot of the Keynesian economics, inflation, and stagflation discussed in these videos are hard to understand.

Dolphin

2008: We have the second worst hangover. 2020: Hold my beer

Etx_Chris

Hooray for mentioning energy history. I just love learning about how energy shapes policy, particularly around the oil shocks and the Carter Doctrine.

nolanthiessen

I love how John is so excited to talk about the 1970's because that's when he was born.

AUBREY-mlex

2008: we give you a hangover
2020: hold my virus

louispride

Carter is the absolute BEST ex-president.

dcbsmt

What a fool Carter was, telling the truth and trying to do the right thing. That's not what we do around here!

theonlyguyontheleft

Gotta love how almost every photo of Nixon is him on the phone.

Paddlegoober

I think Carter would be a more fitting president for today rather than for the late 1970s. He got a raw deal with the timing of his term. Sure, he made misjudgements, especially in domestic policy, and bad PR didn't help, but that period of American history would've been rather bleak with or without him in my opinion.

Joorum

"More, more, always more, more for you. More. More. More. I promise" This should sound familiar in 2016 and 2017, John Green from 4 years in the past. Thank you for your history videos! I am a history major and you always inspire me! :)

imironbatmanjaredmontaug

more, more, always more, more for you. More. More. More. I promise. That was exactly perfect.

fwntxs

I realize perhaps the weirdest thing about the 1970s (from our 2013 perspective) is that our presidents were a conservative Democrat (Carter) and a moderate-if-not-liberal Republican (Nixon).

jliller