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Watergate scandal
included Nixon bugging political opponents' offices, unauthorized investigations, and the misuse of government agencies for political purposes
Oil crisis/stagflation
long period of economic decline
collapse of international monetary system as exchange of US currency and gold stopped
value of gold fell as inflation rose
unemployment rose
UN resolution 181
partitioned Palestine into Arab and Jewish states which caused a series of arab-israeli wars
Organization of Petroleum exporting countries (OPEC)
they put a embargo on the price of crude oil for every country that supported Israel
Whip Inflation Now
Ford urged Americans to shop wisely and reduce expenditures which led to the fall in inflation but unemployment continued to rise
Carter’s presidency
increase government efficiency
protect environment
raising moral tone of politics
promoting human rights
most diverse workplace
Camp David Accords
brought an end to war between Egypt and israel
SALT ll
a new bilateral strategic arms treaty with Brezhnev
removed after USSR invaded Afgani and placed embargo on shipments
Iranian hostage crisis
iranian students stormed US embassy in Tehran, taking diplomatic staff hostage
Moral Majority
an American political organization and movement associated with the Christian right and the Republican Party in the United States
rise of conservatism
Reagon’s campaign brought together conservatism
Reaganomics
proposed a 30% tax cut with it concentrated on upper income levels to enable the rich to spend and invest more to stimulate economy and create new jobs
supply-side / trickle-down economics
what were the negative effects of reaganomics?
they slashed government programs such as the great society programs to pay for tax cuts
anti poverty programs, food stamps, school lunches, low-income housing
End of the cold war
russian politician Gorbachev started the process of economic restructuring and political openness
Reagan left office with the US and USSR having a good relationship \
Berlin wall is teared down
Gulf war
The US went as a multinational force to liberate Kuwait from Iraq’s invasion
North American Free Trade Agreement
ended economic barriers with Canada and Mexico and promised even more prosperity
communications revolution
millions of people began using the internet as companies used online commerce and emails/satellite dishes rose in amount
multipolarity
a distribution of power in which more than two states have similar amounts of power
US towards multipolarity
believed the US would stay the most powerful nation but its military and economic dominance would decline
