Vietnam I assume, but Carter didn't actually take office until Jan. 20, 1977. Ford was the president, after Nixon was forced out over the BS Watergate nonsense. The gas shortages hit in 1973 bout a year before Nixon stepped down and ran through 1979. The gas shortage started the inflation ball rolling with higher gas prices, but the ineffective leadership of Carter after Iran revolutionaries seized our embassy, it started to skyrocket, and exposed our vulnerability as the sole superpower.
Yes, it was beneficial for the money markets. in mid 1980 I started working at a Savings & Loan, and were booming A Wa gold. 🙂
“Vietnam”
No, I was in Sicily...Sigonella...for the gas crunch. I remember seeing the US gas pump lines on TV. US military was lucky. We were given a gas allotment at roughly half price...60, maybe 100 liters? LOL...don’t remember now.
Besides inflation, the main thing I remember Carter for was the failed embassy rescue.