The factors that contributed to a worsening economy during Carter's administration include:
1. Rising costs for oil and gasoline: During Carter's presidency, there was a significant increase in oil prices due to various factors such as the OPEC oil embargo in the 1970s. This rise in energy costs put pressure on businesses and consumers, leading to inflation and economic challenges.
2. Weak economies in Europe and Asia: The global economic landscape during Carter's administration was characterized by economic struggles in Europe and Asia. These weak economies had ripple effects on the United States economy, impacting trade, investment, and overall economic performance.
3. Loss of manufacturing jobs: The United States experienced a decline in manufacturing jobs during Carter's presidency, partly due to automation, global competition, and other economic factors. The loss of these jobs had a negative impact on the economy, contributing to unemployment and economic instability.
It's essential to understand how these factors interacted and influenced each other to grasp the complexities of the economic challenges faced during Carter's administration.
