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How were the actions taken by presidents Ford and Carter to address the country's economic downturn similar? How did they differ?

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Carter kept many of Ford’s deregulations but mostly focused his efforts on addressing the nation’s energy crisis. After the 1973 embargo from oil-exporting countries, the cost of gas skyrocketed. In response, Carter unveiled the National Energy Act of 1978, a suite of initiatives that taxed personal vehicles, loosened oversight of oil and natural gas prices, and financially supported alternative energy technologies. While this reduced the nation’s dependence on costly foreign oil, in 1979, a new round of price hikes and instability in oil-producing nations made the American economy weaker. With few of his initiatives adequately addressing the economic hardship, Carter faced a difficult path to reelection, and eventually lost to Ronald Reagan. While Ford and Carter had clearly different approaches to improving the economy, neither president was able to reinvigorate it to the satisfaction of the American people.

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