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Explore the economic challenges faced by Presidents Ford and Carter, from stagflation to spending cuts. Discover their foreign policies, including the War Powers Act and the Camp David Accords, in a complex era of international relations.
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Presidents Ford & Carter Economic Despair
Ford Becomes President • Appointed VP when Spiro Agnew resigned • Believed in hard-work and self-reliance • Described as conservative in fiscal affairs, moderate in domestic affairs, and an internationalist in foreign affairs. • Became the first non-elected President
Economic Problems • Inflation was high and unemployment was rising. • Economists call the condition stagflation. • Created the “WIN” or “Whip Inflation Now” program • Based on voluntary actions • Supported an increase in unemployment benefits – only helped slightly.
Foreign Policy • War Powers Act, 1973 • President must notify Congress with 48 hours of sending troops overseas. • Troops may not stay more than 60 days without Congressional Approval • Congress can demand that troops return home • Helsinki Accords • European security agreements • Pledged economic cooperation, respect for borders and promote human rights
Carter Presidency • Supported spending cuts • Broke away from traditional Democrats and lost some support from his party • Considered a “Washington Outsider”
Foreign Policy • Middle East Peace • Camp David Accords: framework for peace between Israel and Egypt • Did not solve all Mid-East problems • Breakdown of Détente • 1979 Soviet invasion of Afghanistan cools warm relations with the Soviets • US halted shipments of grain to Soviet Union • Boycotted 1980 Olympic Games in Moscow
Domestic Issues • Economic Instability • Cut government spending • Increased unemployment • Interest rates soared • Affirmative Action: gave special consideration to minorities to makeup for past discrimination • University of CA vs. Bakke: Court case that upheld the use of affirmative action in college admissions.