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.
Dwight D. Eisenhower was one of America's least understood presidents. Part of the award-winning Presidents collection.
America's Robin Hood who robbed not only the rich but the poor and defenseless as well, always saving the treasure for himself. Part of the Wild West collection.
Lyndon Johnson pushed progressive programs before the Vietnam War eroded his support. Part of the award-winning Presidents collection.
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 The Presidents collection.
A portrait of JFK and his brother Robert as they confront Alabama governor George Wallace over segregation.
The first woman to fly solo across the Atlantic, Earhart disappeared in 1937 during an attempt to circumnavigate the world by airplane.
The young CBS reporter changed his pacifist ideals after reporting on the rise of fascism in Europe during World War II.
P.T. Barnum -- huckster, con man, promoter, entertainer and founder of "The Greatest Show on Earth".