April 30, 2014

1. Notes: 32.3 (Part 1) Economy of the 1970’s and Gerald Ford.

2. Gerald Ford Presidency Video3. 32.3 Vocab4. Ch. 32 Test Friday! 5. Current Event Due Friday!

32.3 Ford and Carter 1974-1980

Economic Crisis of 1970’s

1970’s- tough economic times.

4 Reasons: 1. 1960’s: LBJ spent

billions ($22B each year) on Vietnam and Great Society.

2. Inflation: rise in costs of goods.

3. American productivity declined: foreign competition (Japan, West Germany, etc.) in manufacturing, technology, etc.

4.Oil Crisis of the 1970’s.

Economic Crisis of the 1970’s

1971: U.S. imported more goods than exported for first time since 1889.

Many factories closed in 1970’s and millions of blue collar Americans lost jobs.

High unemployment!Stagflation:

inflation + high unemployment.

Oil Crisis of the 1970’s

4. Oil prices increased in the 1970’s.OPEC (Organization of Petroleum

Exporting Countries)Tensions high between Israel and Arab

nations in the Middle East.Yom Kippur War in Oct., 1973

between Israel vs. Egypt and Syria.U.S. supported Israel, USSR supported

Arab nations.OAPEC placed embargo (stop

shipping) on U.S.1973-1980, price of barrel of oil went

from $3 to $30.US suffered fuel shortage.As prices for oil and gas rose,

Americans had less $ to spend on other goods.

Ford Takes Over

“I'm a Ford, not a Lincoln.”

U-Michigan, Yale Law School, Navy in WWII, House of Representatives, V.P.

Pardoned NixonPublic trial would

divide America further…let’s just move on.

WIN

1975: Recession worst since Great Depression.

Unemployment: 9%No mandatory

wage/price controls.Voluntary Program:

Whip Inflation Now.

Cut back on gas consumption and conserve energy.

No enthusiasm

Ford Foreign Policy

Continue détente

NATO and Warsaw Pact sign Helsinki Accords: Soviet Union promised to uphold human rights if borders since WWII stayed same in Europe.

Wednesday, May 8, 2013

Continue 32.3 Notes: Jimmy CarterVideo clips: Iran Hostage Crisis

Unit 11 Exam-1970’s-Chapter 32 (1-3) is Friday!!!

Election of 1976

Jimmy Carter1976-1980

1976: Bicentennial

Georgia Governor and “Washington Outsider”

Foreign Policy

Israel and Egypt had been in wars since founding of Israel in 1947.

1977: Carter invited the leaders to Camp David to help negotiate peace.

Egyptian President: Anwar Sadat.

Israeli President: Menachem Begin.

Camp David Accords:Egypt agreed to recognize

Israel as a nation; Israel returned Sinai territory to Egypt.

CARTER’S FOREIGN POLICY

Soviet Union invaded Afghanistan in 1979.

Carter responded by helping the mujahedeen with weapons.

US boycotted 1980 summer Olympics in Moscow and stopped all grain shipments to USSR.

Iran Hostage Crisis

Since 1953, U.S. supported Shah (king) Pahlavi of Iran. US and Great Britain organized a overthrow of Mohammad Mossadeq. By late 1970’s, he was unpopular in Iran. Radical Muslims forced the Shah into exile and the Ayatollah Khomeini took over. In exile from country to country, the Shah suffered from cancer. Carter allowed him to receive immediate medical care and political asylum in the

U.S. Iranians invaded U.S. embassy, taking 66 Americans hostages (Nov.1979-

Jan.1981.) Held for more than a year. Cruel captivity while TV news reports showed Iranian mobs burning American flag . At first Carter tried economic sanctions, but that didn’t work. Later, he tried a daring rescue mission, but two military aircraft collided and eight

of the would-be rescuers were killed. Americans saw this as failure of Carter Administration. Hostages were released one day after Carter leaves office in January, 1980.