Download - FORD, CARTER, REAGAN
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FORD, CARTER, REAGAN
https://www.youtube.com/watch?v=dS3ehyfkD7c
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Gerald Ford- 1974- 1976 (1016- 1017)
• FORD PARDONS NIXON– DIDN’T WANT COUNTRY TO GO THROUGH UGLY
TRIAL
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1970S-“WHIPPING INFLATION”• 1973- OPEC places an oil embargo on U.S. for supporting
Israel in the Middle East• Price of gas and oil doubles• Inflation: to 10%
• FORD?– Cut back on use of gas, oil– Cut federal spending– Encourages Fed to have “tight money” policy
• DOES IT WORK?– Worst recession since Great Depression
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CARTER: STAGFLATION
• RISING INFLATION AND UNEMPLOYMENT AT THE SAME TIME
• CARTER’S TERM:– Unemployment- 6-7%– Inflation from 6% to 13%
• STAGFLATION: 1979
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Jimmy Carter (1977- 1980)
• His ideas on solving energy crisis?– Americans should cut consumption– National Energy Act:• Tax on gas guzzlers• Tax credits for alternative energy (NUCLEAR)
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Carter foreign policy
• Carter insists on “human rights”– Gets angry with Soviets over treatment of
dissidents and invasion of Afghanistan• (Goodbye realpolitik and détente)• SALT II falls through when Soviets invade
Afghanistan
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Camp David Accords
• Carter mediates peace between Israel and Egypt
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Ronald Reagan (1981- 1988)
• Entitlement programs: guaranteeed benefits to certain groups (Social Security, Medicare, Medicaid)– EXPENSIVE– People fraudulently taking federal $$
• Affirmative Action– People saw it as reverse discrimination
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REAGANOMICS: nickname for “supply side” economic policy-
• LOWER taxes on individuals and businesses– this would increase investment in businesses and
production, increasing the supply of goods and stemming inflation
– “pro big business”- reduce regulations on big business– make large cuts in the government
• Great Society Programs• Environmental Protection Agency
• INCREASES SPENDING ON DEFENSE (SDI- STAR WARS)
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George HW Bush (1989-1992)
• Persian Gulf War • August 1990- IRAQ invades oil rich Kuwait• • Operation DESERT STORM– UN condemns….– January and February 1991– 500,000 troops sent into Saudi Arabia– Iraq accepts all UN demands
• Poor Economy- loss in 1992 election
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William Clinton (1993- 2000)• 1992- NAFTA (North American Free Trade Agreement)• US, Canada and Mexico agree to break down TRADE BARRIERS•
Failure at Health Care Reform:• 1993- Clinton tries to institute a health care plan to insure all Americans• it fails- rising price of health care still a major issue today• Scandal and Impeachment• 1998- the HOUSE OF REPRESENTATIVES impeaches Clinton on charges
of perjury and obstruction of justice• the Senate acquits him• Economic Prosperity• 1990s- longest period of economic growth in US history
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George W Bush (2001- 2008)
• Election of 2000• Bush beats Al Gore, but loses the POPULAR vote (2nd time in history)• In FL, the Supreme Court orders a stop to the recount of votes (1st
time SC intervenes in an election)• impacts of 9/11 :• aid in the overthrow of the Taliban in Afghanistan• Operation Iraqi Freedom- rid Iraq of WMD
– WMD never found– “Mission Accomplished” in 2003; War doesn’t end until 2011
• creation of the Department of HOMELAND Security• Patriot Act- reduces in law enforcement agencies' gathering of
intelligence within the United States
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• Under Reagan, there were cuts in SOCIAL PROGRAMS_spending, but increases in DEFENSE SPENDING
• SDI (STAR WARS)- DEFENSE SYSTEM TO KNOCK MISSILES FROM SKY
• DEFENSE SPENDING DOUBLES ALMOST• NATIONAL DEBT? ALMOST DOUBLES
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• Uniting (and) Strengthening America (by) Providing Appropriate Tools Required (to) Intercept (and) Obstruct Terrorism Act of 2001
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• http://www.youtube.com/watch?v=2KjHwi6whtQ&feature=related
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• http://www.msnbc.msn.com/id/43178749/ns/world_news-europe/?GT1=43001 (serbian)