Post on 03-Sep-2014
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The United States since 1974
The Ford, Carter, and Reagan Years
Gerald Ford (1974-1977)
• Pardoned Nixon• Vaccillated on many
policies
Jimmy Carter
• 1976• Victory over Ford,
Nixon, & Watergate.• “I won’t lie to you”
Carter’s Foreign Affairs
• 1978- Camp David Accords
• Panama Canal
Foreign Affairs (con’t)
• Iranian Revolution (1979)
- Shah overthrown• Hostage Situation• Soviet Invasion of
Afghanistan (1979)
Carter’s Domestic Affairs
• Inflation- 13%• Oil Prices Trade
Deficit• Stagflation- inflation
and a stagnant economy
• Deregulation
Enter Ronald Reagan
• Election of 1980• “It’s morning in
America.”• Anybody But Carter• Iranian Hostages were
released upon Reagan’s inauguration
The Reagan Image
Reaganomics
• “Government is not the solution to our problem, government is the problem.”
• Supply Side Economics Cut all taxes. “Trickle Down.”
• Cut Taxes• Cut Inflation• Continued Deregulation
Social Conservatism
• The Moral Majority• Anti-abortion• Defender of School
prayer.• Supported by
“Televangelists”.
Foreign Policy
• Renew the Cold War
-outspend the USSR
-force the USSR to redistribute money to its crippled economy.
• Invasion of Grenada• Iran-Contra Scandal• SDI- Star Wars
Reagan and Gorbachev
• Glasnost• Perestroika
Legacy• Large Deficit• Defeated Soviet Union• Resurgence of
Conservatism rejection of ’60s radicalism
• Reagan’s legacy is/will be highly contested.