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In 1970s the stock market was a mess and dragged down the economy.

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Late in 1978, congress finally passed a watered down version of carters plan. The National Energy Act offered tax credit to people who conserved energy by investing in alternative energy source.

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President  Ford took over president in 1974.  He tried to beat down rising prices with a crusade called whip inflation. He encouraged personal savings and disciplined spending habits.

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

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In our time gas steadily got scarcer,leading to long waits at stations