Key Figures:
Nixon appointed Henry Kissinger as Secretary of State.
Golda Meir was the Prime Minister of Israel and the first woman head of government in Israel.
Nixon supported Meir's efforts to retain occupied territories during the October War.
Stagflation:
Economic condition combining stagnation (no growth, no new jobs) and inflation (decreasing dollar value).
Uncontrolled inflation can lead to recession or depression.
1973 Oil Embargo:
OPEC Formation:
Organization of the Petroleum Exporting Countries (OPEC) formed primarily by Arab nations in the mid-60s but gained prominence post-1973.
OPEC imposed an oil embargo on the US for supporting Israel during the October War.
Impact:
US gas prices soared from 15 cents to 50 cents per gallon.
Increased transportation and grocery prices leading to significant economic stress.
The embargo eventually affected OPEC countries as their economies also suffered.
Initial Event:
In 1972, a burglary at the Democratic National Committee headquarters known as Watergate occurred.
Arrest of 4 burglars led to a cover-up effort involving the Nixon administration.
Investigations by Journalists:
Washington Post reporters Robert Woodward and Carl Bernstein uncovered links between the burglars and Nixon's campaign (CREEP - Committee to Re-elect the President).
Plumbers group formed within Nixon's administration to discredit Democrats.
Key Developments:
Nixon had secret recordings of Oval Office conversations; refused to hand them over citing executive privilege.
Supreme Court ruled tapes were public property.
Tapes revealed attempts to cover up involvement; significant portions were erased.
Nixon’s Attorney General resigned, leading to the Saturday Night Massacre where Nixon attempted to end the investigation.
Consequences:
House committee voted for impeachment, leading to Nixon's resignation on August 8, 1974.
Gerald Ford became president and pardoned Nixon, preventing further legal action against him.
Pardon of Nixon:
First act as president was to pardon Nixon for all crimes.
Internal issues led to members of Ford’s administration being imprisoned but not Nixon.
Challenges:
Oversaw a nation struggling with economic issues and recovery post-Watergate.
July 4, 1976, celebrated the US bicentennial with large parades and festivities.
Election:
Carter assumed presidency after defeating Ford, focusing on domestic issues and economic recovery.
Significant Events:
Camp David Accords (September 1978): Agreement between Egypt and Israel to normalize relations, including Egypt's recognition of Israel.
Shift towards energy-efficient cars like the Honda Civic post-oil crisis.
Challenges:
1979 Oil Crisis following the Iranian Revolution caused more economic turmoil.
Iran Hostage Crisis led to strained US-Iran relations.
Soviet invasion of Afghanistan raised concerns about superpower tensions.
Leonid Brezhnev’s Death and Succession:
Brezhnev died in 1982, succeeded by Yuri Andropov, who had a brief tenure due to his health issues.
Followed by Constantin Chernenko, who also died shortly after.
Mikhail Gorbachev’s Leadership (1985-1991):
Introduced Glasnost (openness): Allowed more freedom of movement and information, leading to greater access for Western tourists.
Perestroika (restructuring): Aimed at reducing bureaucratic control within the Soviet political system, allowing more decision-making power at local levels.
Afghan Crisis:
Soviet occupation of Afghanistan sparked fierce resistance from local mujahideen; conflict mirrored US Vietnam experience.
Resulted in a refugee crisis and growing unpopularity of the Soviet war, leading to eventual withdrawal.
Reagan Presidency (1981-1989):
Promoted increased military spending dubbed "Reaganomics" while implementing significant cuts to social programs.
Advocated for supply-side economics aimed at stimulating the economy through tax cuts for the wealthy, criticized for not trickling down benefits.
War on Drugs:
Launched the “Just Say No” campaign led by Nancy Reagan, targeting drug use through harsh measures and educational campaigns.
Foreign Policy:
Shift from containment to rollback of communism focusing on aggressive support for anti-communist movements globally (e.g., Solidarity in Poland, Contras in Nicaragua).
Strategic Defense Initiative proposed to defend against a potential nuclear attack.
Revolutions in Eastern Europe (1989):
Solidarity Movement in Poland, Velvet Revolution in Czechoslovakia, and protests in Germany all marked a shift toward democracy.
Fall of the Berlin Wall in November 1989 symbolized the collapse of Soviet influence in Eastern Europe.
Reunification of Germany in October 1990 marked significant progress toward ending the division of Europe.
Dissolution of the Soviet Union (1991):
Wave of independence movements led to the breakaway of Soviet republics post-Gorbachev’s policies of perestroika and glasnost.
By December 1991, the USSR officially dissolved, with Boris Yeltsin emerging as the new leader of Russia.
Historical Significance:
End of the Cold War marked the transition away from Soviet-style communism, influencing global political dynamics into the 21st century.