1970’s- Banking Crisis

1. Crisis of Confidence 1963- JFK assassination 1970’s- Banking Crisis 1965- Watts 1979- Three Mile Island 1967 – Hot Summer 1979- Iran Hostage Crisis 1968- Tet Offensive 1979- USSR invades Afghanistan 1968- MLK assassination 1968- RFK assassination 1968- Chicago Democratic Convention 1970- Kent State 1971- Pentagon Papers 1974 - Watergate 1975 – Fall of Saigon 1970’s- Stagflation and Economic crisis 1970’s- Gas Prices and the Energy Crisis

2. Crisis of Confidence Crisis of Confidence America in the 1970’s Directions: Using the textbook please fill in this sheet. Complete each problem one at a time. Discussion will follow. For the problems with stars next them a short movie clip will be shown after the discussion, use this to help you fill in the information. Chart

3. Crisis of Confidence Problem 1: Fall of Saigon Explain/Cause: Your Solution: Government Response: Agree or Disagree, explain: Impact on American Confidence/Trust: . • Vietnam War, 1973 cease-fire US withdrawal, continued Civil War The /US did not Send troops Chart

4. Crisis of Confidence Problem 2: Nixon and Watergate Explain/Cause: Your Solution: Government Response: Agree or Disagree, explain: Impact on American Confidence/Trust: . People broke into Democratic head quarters. Nixon helped with cover up and tried to repress evidence. Nixon Resigned, Congress invoked impeachment, Ford Pardoned Nixon. Chart

5. Crisis of Confidence Problem 3: Stagflation and Economic Crisis Explain/Cause: Your Solution: Government Response: Agree or Disagree, explain: Impact on American Confidence/Trust: Carter faced a struggling economy. Inflation soared from 7.6 percent to 11.3 percent. By 1980 inflation climbed to 14%. Unemployment rates averaged 6.8 percent when he was in office. . Implemented voluntary wage and price freeze. Cut spending. Asked the federal reserve to increase interest rates. Nothing worked. Chart

6. Crisis of Confidence Problem 4: High Gas Prices and the Energy Crisis Explain/Cause: Your Solution: Government Response: Agree or Disagree, explain: Impact on American Confidence/Trust: OPEC cut oil supply in 1973 and 1979. In 1979 OPEC raised the price. Oil consumption was too high. . Carter urged people to use less oil. Created the Department of Energy. Became a huge legislation battle. National Energy Act – placed tax on gas guzzling cars, removed price controls on natural energy produced in US. Tax credit on solar heating. Chart

7. Crisis of Confidence Problem 5: Three Mile Island Explain/Cause: Your Solution: Government Response: Agree or Disagree, explain: Impact on American Confidence/Trust: Increase use of Nuclear Energy. Potential disaster at 3 mile island. . Nuclear Regulatory Commisson Chart

8. Crisis of Confidence Problem 6: Iran Hostage Crisis Explain/Cause: Your Solution: Government Response: Agree or Disagree, explain: Impact on American Confidence/Trust: 1979 radical Islamic extremist took over the US embassy in Iran. Carter refused to give into the demands of the extremist. The captives were hostages for 444 days. . Cut off diplomatic and economic ties with Iran. Failed attempt to rescue soldiers. Chart

9. Crisis of Confidence Problem 7: USSR invades Afghanistan Explain/Cause: Your Solution: Government Response: Agree or Disagree, explain: Impact on American Confidence/Trust: . Chart

10. Crisis of Confidence Problem 8: Bank Crisis and high interest rates Explain/Cause: Your Solution: Government Response: Agree or Disagree, explain: Impact on American Confidence/Trust: . Chart

11. Jimmy Carter’s presidency will be remembered for the following events and/or situations: A struggling economy at home. High oil prices and energy crisis. Loss of American prestige abroad- Iranian hostage crisis, the Soviet invasion of Afghanistan. The 1973 Camp David Accords Crisis of Confidence