Jimmy Carter attempted to stop runaway inflation with a White House press conference in 1978. "Carter implored labor and business leaders to keep wages and prices down, and pressured Congress to cut back spending."
Narrator: In 1978 the first signs of a gathering economic storm were becoming visible. The stock market was at its lowest point in three years, the trade deficit growing, unemployment on the rise.
Jimmy Carter (archival): The most serious problem that our nation has is inflation. And it's getting worse. It's absolutely imperative that Americans commit themselves, all of us, to a common sacrifice to control this rapid increase in prices.
E. Stanly Godbold, Historian: Carter inherited a no-win economic situation. I see him as the last presidential victim of the War in Vietnam. Every war this country has fought once it is over the economy has to readjust to a peacetime economy. And what always happens is runaway inflation.
Narrator: Carter implored labor and business leaders to keep wages and prices down, and pressured Congress to cutback spending. But inflation kept rising, his words falling on deaf ears.
Mathematician and paranoid schizophrenic John Nash's work became a foundation of modern economic theory.
During the 1960s the Ku Klux Klan would rise again in the most progressive southern state.
President Woodrow Wilson lead America during World War I, created the Federal Reserve, and helped create the League of Nations. Part of the award-winning Presidents collection.
The women's suffrage movement won the right to vote when the 19th Amendment passed in 1920.
After the stock market crashed in 1929, thousands suffered unemployment and poverty in the Great Depression.
Richard Nixon faced impeachment but also ended the Vietnam War. Part of the award-winning Presidents collection.
Malcolm X, a man who both terrified and inspired, expressed the anger and struggle of black people for freedom in the 1960s.
The 1968 Democratic National Convention saw a clash of political visions on the convention floor and violence outside on the streets of Chicago.