1. Modern US History
Nixon, Ford, & Carter

7. Vocab List 40 P434 CH19
-Revenue Sharing -Detente P 439 -Special Prosecutor -Executive Privilege P P443 -Stagflation -Embargo

8. I. Background What the Boomers went through. Some math:
Birth Control + Abortions = SEX
Vietnam + Civil Rights = PROTESTS
Rock N’ Roll + Drugs = HIPPIES
BUT not EVERYONE a hippie. Many americans not happy about:
Affirmative Action (Blacks/Latinos free ride to college)
High crime rate
New rights for blacks
Medicare/medicaid and “free ride” for the poor

9. II. Nixon
The Republican Richard Nixon wins election after LBJ in 1968, on a campaign of bringing back Traditional Family values. Remember:
# of divorces greatly increased
birth rate declined after boom
By % of women are in workforce (only 20% in 1960)
Nixon’s Legacy:
He ended the Vietnam War
Detente - relaxation of Cold War policies
**Opened trade with China and Russia**
Created Environmental Protection Agency (EPA)
Sadly, Nixon is the only president to RESIGN because of the WaterGate Scandal. Basically, he spied on the Democrats during his second election run in Bugs were planted at the Watergate Hotel

11. Video on Watergate

13. III. 1970s Oil Shocks
After Nixon Resigns, his VP - Gerald Ford becomes president.
Gerald Ford does nothing
His only notable thing he did was pardon Nixon for obstructing justice after Watergate.
Two major oil shocks will rock our economy:
Because we helped Israel, the middle east suspended oil to us.
Gas price quadruple (x 4)
Prices for everything went up because… oil makes everything
because of the Iranian Revolution → Leads to hostage crisis

14. 70s Oil Shocks

15. IV. Iran Hostage Crisis
After Gerald Ford, a democrat named Jimmy Carter wins in Many do not like him. BUT He supported:
Human Rights (helping the poor)
Nuclear Energy
Stopping Greed
Israel & Egypt Peace (Camp David Accords)
Sounds good right? Regardless… lots of crap went down during his presidency:
Hostage Crisis: 53 Americans in US Consulate in Iran were taken hostage for 444 days. Iran hated America because we supported their King who gave us oil for our guns. Iranian revolution = they got rid of him.

16. Iran Hostage Crisis

17. V. Panama Canal Giveaway
Jimmy Carter’s Legacy:
Stopped funding the Dirty War in Argentina (Wikipedia it :’( )
Gave back the Panama Canal to the Panamanians
Made a bunch of Nuclear power plants in the USA
Fostered Peace between Egypt and Israel
What truly destroyed his presidency:
The Economy - The oil shocks and worldwide economic changes
Competition: Japan, S Korea, Taiwan & Germany now making tons of stuff instead of spending $$$ on defense because we defend them
We finally began importing more than exporting goods
In % of Americans worked in manufacturing, in 1980 it was 25%. TODAY its only 9%!!