DO NOW: GRAB A WORKSHEET AND COMPLETE THE ‘DO NOW’ Objectives: Students will be able to...(1) explain the foreign and domestic policies of Ford and Carter. Homework: Guided reading worksheets from DUE WEDNESDAY

THE MIGHTY ECONOMY SLOWS  We were awesome for a while, but not the 70s  Roots (Inflation):  Lyndon Johnson – Deficit Spending  Rising cost of materials (Competition)  Oil - Based our economy on it  How could a country use Oil as a weapon?

OPEC (ORGANIZATION FOR PETROLEUM EXPORTING COUNTRIES)  1973 – Israel at war with surrounding Arab countries  US Supporting Israel  OPEC –Embargo (stop shipping) petroleum to supporters of Israel  After embargo, prices rose greatly  All $$$$ going to gas (Recession)

STAGNANT ECONOMY  Increased international competition  Rise of Europe and Japan  US Imported more than exported  Factories closed  Growing pool of unemployed  Nixon faced “stagflation” – rising prices/economic stagnation

STAGFLATION  Economists didn’t think inflation and recession could occur at same time  Believed that demand drove prices and inflation would occur in booming economy when demand for goods was high  Unsure of what financial policy for government to do. Two plans: 1. Increase spending  end recession but boost inflation 2. Raise taxes  slow inflation, but keep economy in recession

NIXON’S PLAN  Cut spending and raised taxes (Prompt Americans to spend less)  Americans spend less, ease demand, drive down prices  Congress/public protested  Federal reserve to raise interest – Failed  Then imposed 90 day freeze on wages and prices and issued federal regulations limiting future wages and price increases – Little success  When he left office inflation was still high.

GERALD FORD TAKES OVER  watch?v=uAFnTM5qChQ watch?v=uAFnTM5qChQ  VP under Nixon  Bland personality, but honest  Degree from Yale Law School  Navy during WWII  House of Reps since 1949

FORD PARDONS NIXON  Lets Nixon off the hook  Acting out of public interest he claimed  Avoid division that trial would create  Fierce criticism (71-50%)

FORD “WHIPS” INFLATION  Inflation and unemployment high  WIN – Whip Inflation Now  Cut back on oil and gas consumption  It failed big time  Cut government spending and higher interest rates  FAILED

FORD FOREIGN POLICY  Ford kept Kissinger – continued détente  Helsinki Accords (Meeting with NATO & Warsaw) – Recognized the borders of Eastern Europe if Soviets upheld human rights (Let people cross borders)  Soviets didn’t abide

ELECTION OF 1976  World was in a bad place -Needed someone to confront  Gerald Ford vs. Jimmy Carter  Carter promised energy programs, tax and welfare reform, and national medical care  People trusted his honesty and moral w.youtube. com/watch ?v=BN- nmlicZv8& list=PLF0C 51E3AA2F 7B7E9

WAR AGAINST CONSUMPTION  Nothing he tried worked  Biggest problem – dependence on foreign oil  Wanted to reduce it’s use  Created Department of Energy  High taxes on Oil plus rising prices created a crisi s  “Malaise Speech” - Seemed like he blamed the people

DO NOW: WHAT IS A PRIMARY SOURCE? MAKE A LIST OF EXAMPLES… Objectives: Students will be able to...(1) define Carter's foreign policy (2) analyze a video for key information Homework: Finish Guided Reading Worksheet

LEADERSHIP PROBLEMS  Many failures  Inexperience/inability to work with Congress  Dreams but no concrete plans  Ran down the ‘middle’

MORALITY IN FOREIGN POLICY  Commitment to human rights  Andrew Young – First African American ambassador  Gave Panama Canal back to Panama  Went after Soviets for violations, invasion of Afghanistan (Embargo)

PRIMARY SOURCE ACTIVITY

TRIUMPH AND FAILURE IN MIDDLE EAST  TRIUMPH: Camp David Accords – peace treaty between Israel and Egypt  FAILURE: Hostage crisis in Iran  US Supports Iran, Shah  People in Iran didn’t like Shah – Ran him out of country  Ayatollah Khomeini – New leader  Revolutionaries storm embassy and take 52 hostages

HOSTAGE SITUATION  Carter tried unsuccessfully for release  April 1980 – Daring rescue attempt  Helicopters malfunctioned, one crashed  Crisis continued for 444 days  Ended the day Carter left office (1981)  =fG1iCCS7gDo (Overview) =fG1iCCS7gDo  =ItziFj7ZMZQ (Argo – Featurette) =ItziFj7ZMZQ