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MALAISE 1974-1980

MALAISE 1974-1980. EUGENIA LANGAN MATER ACADEMY CHARTER HIGH SCHOOL HIALEAH GARDENS, FLORIDA. ESSENTIAL QUESTIONS: TODAY WHY MALAISE? WHAT LED TO THE CONSERVATIVE REVOLUTION OF 1980? LONG-RANGE HOW HAS THE AMERICAN IDENTITY (SELF-IMAGE) CHANGED THROUGHOUT OUR HISTORY, AND WHY?

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MALAISE 1974-1980

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  1. MALAISE1974-1980 EUGENIA LANGAN MATER ACADEMY CHARTER HIGH SCHOOL HIALEAH GARDENS, FLORIDA

  2. ESSENTIAL QUESTIONS: • TODAY • WHY MALAISE? • WHAT LED TO THE CONSERVATIVE REVOLUTION OF 1980? • LONG-RANGE • HOW HAS THE AMERICAN IDENTITY (SELF-IMAGE) CHANGED THROUGHOUT OUR HISTORY, AND WHY? • WHEN DID THE ERA OF PROGRESSIVE REFORM BEGIN AND END, AND WHY?

  3. WE WENT THROUGH THE VERY DIVISIVE AND VIOLENT 1960s • WE LOST A WAR FOR THE FIRST TIME • A PRESIDENT AND VICE PRESIDENT WERE FORCED TO RESIGN FOR THE FIRST TIME • CREDIBILITY GAP • WOUND UP WITH UNELECTED PRESIDENT, VEEP - ONE TERM • THEN INEXPERIENCED CHANGE PRESIDENT – ONE TERM • AS ALWAYS, "IT'S THE ECONOMY, STUPID!" • BUT INSTEAD OF GROWING MORE RADICAL, MOST PEOPLE GREW MORE CONSERVATIVE

  4. GERALD W. FORD – ONE TERM! • UNELECTED • NIXON PARDON • OPEC OIL EMBARGO • INFLATION/ STAGFLATION • RECESSION OF 1974 • WIN • FED INCREASED INTEREST RATES • TAX CUTS "TO CREATE JOBS" •  DEFICITS! •  MORE WOMEN AND CHILDREN WORKING

  5. REAL WAGES PEAKED IN 1974 AND DECLINED UNTIL 1982 – NOTE THEY HAVE NEVER RETURNED TO '74 LEVEL

  6. REMEMBER THIS CHART? % 0F NATIONAL WEALTH HELD BY TOP 1% WEALTHIEST INDIVIDUALS: NOTE THE TREND SINCE MID-1970s. TODAY TOP 10% HOLD 75%, TOP 1% HOLD 40.4 (DUE TO BUSH TAX CUTS, GREAT RECESSION OF 2007 AND BANK/ CORPORATE BAILOUTS

  7. INCOME DISTRIBUTION

  8. OIL PRICES -- WHEN THEY GO UP SO DO THE PRICES OF ALMOST ALL OTHER GOODS (ALL THAT MUST BE TRANSPORTED!) 1973 – OPEC OIL EMBARGO 1979 – OIL CRISIS DUE TO IRANIAN REVOLUTION

  9. OVER DECADES – GDP FLAT AND MODEST

  10. DECLINE OF SKILLED INDUSTRIAL JOBS

  11. '74-76 – EFFECT OF FORD TAX CUTS W/ NO SPENDING CUTS

  12. "WHIP INFLATION NOW" – A FAILURE "STUPID IDEA" ACCORDING TO ALAN GREENSPAN

  13. The Mayaguez Incident, 1975: "WAG THE DOG"

  14. FORD'S APPROVAL RATINGS –NOTE THE UPTICK IN '75 DUE TO THE MAYAGUEZ INCIDENT

  15. 1976: JIMMY CARTER AND WALTER MONDALE (ONLY 50.1% OF POPULAR VOTE) CARTER'S MAIN QUALIFICATION: NOT A WASHINGTON INSIDER

  16. WALKING TO THE INAUGURATION

  17. THE SWEATER, THE FIRESIDE CHATS, and . . .

  18. CARTER: • ENERGY CRISIS: "MEOW" – THE MORAL EQUIVALENT OF WAR • DEPARTMENT OF ENERGY, 1977 • national energy act, 1978 • DEREGULATION OF OIL PRICES, TAX SUBSIDIES (ENERGY POLICY ACT) • 1979 – WINDFALL oil PROFITS TAX • surface coal mining and reclamation act. Opposition to nuclear energy

  19. Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) -- superfund • deregulation of TRANSPORTATION RATES (STAGGERS RAIL ACT, 1979, MOTOR CARRIER ACT, 1980) • WORSE INFLATION – FED IMPOSED DOUBLE-DIGIT INTEREST RATES (SLOWDOWN) • RECESSION, 1978 • PANAMA CANAL TREATY, 1978 • IRANIAN REVOLUTION, 1979

  20. HOSTAGE CRISIS AND BOTCHED RESCUE ATTEMPT, 1980

  21. Regents of the University of California v.Bakke, 1980. burger court. • lawsuit by white man denied admission to ucdavis med. School alleging “reverse discrimination” due to university’s affirmative action program • holding: affirmative action is lawful as a remedy for past discrimination, but it cannot impose quotas.

  22. Election of 1980: ronaldreagan, georgeh.w. bush, 50.7% of popular vote, carter/ mondale 41%

  23. Morning in america?

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