How did Jimmy Carter’s presidency impact the U.S. economy?

Jimmy Carter’s presidency had a mixed impact on the U.S. economy. During his tenure, the country faced high inflation, unemployment, and an energy crisis. Carter implemented measures such as the creation of the Department of Energy to address energy shortages and promoted energy conservation and alternative energy sources. He also deregulated the airline, trucking, and rail industries to increase competition and efficiency. However, his administration struggled with “stagflation” – a combination of stagnant economic growth and high inflation. Despite his efforts, economic difficulties persisted, contributing to a perception of economic mismanagement that affected his re-election bid.