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1970’s. Gerald Ford. Dealt with Organization of Petroleum Exporting Countries (OPEC) Israel went to war with Syria and Egypt U.S. backed Israel OPEC placed an oil embargo on the U.S. The price of gasoline quadrupled Pardoned President Nixon. President after Nixon resigns.
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Gerald Ford • Dealt with Organization of Petroleum Exporting Countries (OPEC) • Israel went to war with Syria and Egypt • U.S. backed Israel • OPEC placed an oil embargo on the U.S. • The price of gasoline quadrupled • Pardoned President Nixon • President after Nixon resigns
Helsinki Accords • Human rights debates in Europe and the USSR • WIN • Whip Inflation Now • Factories closed • Consumer demands down • Unemployment rose • DID NOT WORK
Jimmy Carter • Very laid back approach and style • Appointed many women and minorities • Foreign Policy • Orchestrated a peace settlement between Israel (Menachem Begin) and Egypt (Anwar Sadat) at Camp David… CAMP DAVID ACCORDS • Gave Panama Canal back to Panama (by the year 2000) • Established trade with China • Attempted arms limit with USSR (SALT II)
Problems Iranian Revolution • Shah of Iran kicked out, Ayatollah Khomeini took over • Carter allowed the Shah into the U.S. for medical treatment • Iranians became angry and attacked U.S. embassy • Kept 66 hostages for 444 days • Hostages not released until Reagan was inaugurated • Russia invaded Afghanistan. The U.S. boycotted the Olympics
“Stagflation” Economy • Low productivity • High unemployment • Inflation
Television Era • M*A*S*H* • Comedy in war, distract from Vietnam • All in the Family • Racial issues • The Jefferson’s • Success in Af-American life • Laverne and Shirley • Single White Women • Roots • Miniseries on slavery • Happy Days • Wholesome American life in 1950’s