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Gerald Ford and the Challenges of the 1970s$
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Yanek Mieczkowski

Print publication date: 2005

Print ISBN-13: 9780813123493

Published to Kentucky Scholarship Online: September 2011

DOI: 10.5810/kentucky/9780813123493.001.0001

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The Energy Crisis of the 1970s

The Energy Crisis of the 1970s

Chapter:
(p.196) (p.197) Chapter 12 The Energy Crisis of the 1970s
Source:
Gerald Ford and the Challenges of the 1970s
Author(s):

Yanek Mieczkowski

Publisher:
University Press of Kentucky
DOI:10.5810/kentucky/9780813123493.003.0013

This chapter examines the energy crisis in the U.S. during the 1970s. It explains that contrary to popular belief, the energy problem manifested itself months, even years, before the Arab oil embargo. According to experts, it was caused by several factors including the price control system implemented by the administration of former President Richard Nixon which played hob with the normal equilibrium of supply and demand. This problem presented another huge challenge for Gerald Ford.

Keywords:   energy crisis, U.S, Arab oil embargo, price control, supply and demand, Richard Nixon, Gerald Ford

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