answersLogoWhite

0


Best Answer

Despite a sluggish economy, inflation reached as high as 14.8%, and interest rates reached as high as 18% during the period 1977-1981. By 1985-1990, this contributed to the failure of Savings and Loan associations which had many bad loans, especially in real estate.

Of course, Carter had inherited the general inflationary trend from the Nixon and Ford adminstrations, which saw the beginnings of double-digit levels. President Ford had instituted the generally-ineffective program called WIN (Whip Inflation Now) in October, 1974. However, by November of 1976 the rate had subsided to 4.9% and was 5.2% when Carter took office. Continuous rises brought it to 14.8% in March, 1980, and 11.8% when Carter left office. Since 1982, general inflation has been suppressed below 6.5% and at times has been much lower.

(see related link)

User Avatar

Wiki User

โˆ™ 2011-07-24 22:18:16
This answer is:
User Avatar
Study guides

Jimmy Carter

21 cards

What are the events that diminish the president's power

Which civil rights leader made the term Black Power popular

Why did some Americans boycott grapes in the 1960s

Which best explains why Carter lost popularity over the Iranian hostage crisis

โžก๏ธ
See all cards
4.33
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
3 Reviews

Add your answer:

Earn +20 pts
Q: What was the inflation rate under Jimmy Carter?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What as Jimmy Carter remembered for?

Jimmy Carter was remembered for how horrible he is as a president. Why? Here are the reasons: When Carter took office in 1977, the inflation rate was 5.22%. Four years later it was 11.83% and during his presidency it actually hit as high as 14.78%! Our current inflation rate is 1.07%.The cost of living adjustments (COLA) when Carter took office was 5.9%. Three years later it was 14.3%. Our COLA for January 2009 is 5.8%. When Carter took office in January of 1977, interest rates were 6.25%! When he left the office four years later they were 20.00%! Right now, our interest rates are 3.25%. These are the reasons why.


Can Financing expansionary fiscal policy by increasing the deficit does not generally affect interest rates or inflation?

Expansionary fiscal policy or running the printing presses usually causes inflation. Sometimes it causes hyperinflation. It caused both the inflation and interest rate to rise to 20% under the Carter administration.


What inflation rate?

inflation


What is inflation rate?

inflation


What is the current inflation rate for Texas?

inflation rate in texas


What is the 1992 inflation rate?

the inflation rate in 1992 was 1.75


What is inflation rate of 2007 in Pakistan?

Core Inflation Rate is 7%


What is the inflation rate in Texas?

current inflation rate in harris county


What is the inflation rate in Indonesia?

As of 2005, the inflation rate in Indonesia was about 6.6%.


What were the inflation rate and the unemployment rate last year?

2016s rate was 4.85%, and the inflation rate was 2.5%


Current inflation rate of India?

what is inflation rate of India march 2010 current inflation rate in India is 13.5 May 2010


Who calculates inflation rates in India?

Inflation rate is calculated by Reserve Bank of India . For inflation rate , basic necessitygoods price is taken as base and on that bases inflation rate is calculated.

People also asked

What was the interest rate during the carter administration?

View results

What as Jimmy Carter remembered for?

View results

What is it called when candidates from the same party run against each other?

View results

How do you split the alphabet into 4 groups?

View results