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Bell Ringer #8 – 1/13/10

Bell Ringer #8 – 1/13/10. What does OPEC stand for? Which two religious groups feud over Israel / Palestine? Why did Arab OPEC countries raise oil prices for the USA in 1973?. Troubled Economy. 1967-1973: the U.S. faced stagflation

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Bell Ringer #8 – 1/13/10

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  1. Bell Ringer #8 – 1/13/10 • What does OPEC stand for? • Which two religious groups feud over Israel / Palestine? • Why did Arab OPEC countries raise oil prices for the USA in 1973?

  2. Troubled Economy • 1967-1973: the U.S. faced stagflation • Stagflation occurs when there is high unemployment and high inflation (prices up).

  3. Causes of Stagflation • Pres. Johnson’s funding of both Vietnam and social programs through deficit spending. • Increased International competition. • America’s heavy dependency on foreign oil (still a problem today!).

  4. Watergate • Scandal arising from the Nixon administration’s attempt to cover up the 1972 break-in at the Democratic National Committee (DNC) headquarters in the Watergate complex. • Led to the imprisonment of 25 government officials.

  5. The Watergate Complex Washington D.C.http://www.history.com/video.do?name=americanhistory&bcpid=1676043206&bclid=1716449817&bctid=1592089131http://www.history.com/video.do?name=americanhistory&bcpid=1676043206&bclid=1716449817&bctid=1539409699

  6. “The President’s Men” • Small, loyal group of advisors • Shared Nixon’s desire for secrecy and power. Believed they were “above the law”

  7. The Burglary • At 2:30 a.m. on June 17, 1972, a Watergate guard caught 5 men breaking into Democratic National Committee (DNC) headquarters • Were trying to place wiretaps, or “bugs” on the office telephones • Workers began shredding documents and passed out $450,000 to buy the burglars’ silence

  8. Chapstick tubes with hidden microphones.

  9. Nixon’s advisors helped plan the Watergate burglary • They also helped to cover it up

  10. Nixon Visits China • Nixon visited China in 1972 to try to normalize relations • Reversed American policy of ignoring China and helped Nixon’s image.

  11. Saturday Night Massacre • Oct 1973 – Nixon still denied his Watergate involvement • He ordered Attorney General Richardson to fire the prosecutor investigating Watergate • Richardson refused and resigned – an event known as “Saturday Night Massacre”

  12. Presidency Shifts • VP Spiro Agnew resigns. Faced with impeachment, Nixon resigns in 1974. • Nixon’s appointed VP, Gerald Ford, becomes President. Ford gave Nixon a “Presidential Pardon” one month later!

  13. HOMEWORK • Read Ch 24, Sn 2 (pgs 802-809) • Answer 1 & 4 on page 807 • Due Friday

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