ppt课件-chapter32acrisisinconfidence,1969-1980.pptVIP

Essential Question: Why did the economic foreign policies of Ford Carter fail to meet the needs of America in the late 1970s? Warm-Up Question: Which had the longer legacy on America: the Watergate scandal or Nixon’s foreign policy in China the USSR? The 1970s: A Crisis in Confidence The “Overextended Society” of the 1970s was defined by: Low economic growth, high prices, rising unemployment Distrust of the government due to the Watergate scandal “Passionless presidents” who failed to project clear leadership An end of Nixon-era détente resumption of Cold War rivalries The U.S. Economy in the 1970s Energy and the Economy In the 1970s, 2 great oil shocks hurt the U.S. economy: In 1973, the Arab members of OPEC initiated a 5% cut on production an embargo against the U.S. The Iranian Revolution in 1979 cut off oil led to another gas-shortage soaring interest rates The Oil Shocks: Price Increases of Crude Oil Gasoline The Search for an Energy Policy These oil shocks forced the U.S. to realize its dependency on other nations for oil led to action: Nixon formed the EPA to oversee industry’s environmental impact The new Dept of Energy (1977) emphasized conservation domestic energy production Still…U.S. oil imports rose 50% from 1973 to 1979 A Troubled American Economy The 1970s economy grew stagnant: Unemployment grew to 9% Heavy industry jobs fell due to outsourcing foreign competition 1970s experienced huge inflation: Due to Vietnam deficit spending, global food shortage, oil shocks Massive price increases led to a 5.5% decrease in “real income” for average Americans The “Lean Years”The Presidencies of Ford CarterFord Carter Videos The Ford Administration Gerald Ford failed to restore public confidence after Watergate: Ford pardoned Nixon for any crimes he may have committed He revealed a number of past CIA assassination attempts appointed George Bush to reorganize the CIA Vetoed 39 Great Society-style bills initiated by Congress The 1976