The time period of 1968 and 1974, putting the United States in a state of disarray. The focus was Nixon and his administration and how they would pull the U.S. out of such calamity. The war in Vietnam was a costly and unpopular war, causing massive inflation along with riots in the U.S. Another challenge faced was the energy crisis, in which the price for gas skyrocketed.This was do to America 's dependency on foreign oil from Arab nations.Ultimately the true challenge was stagflation the process were unemployment and Inflation were both rising, which shouldn 't really happen in a government. This essay will show how Nixon and his administration faced each of these problems and their overall effect. As stated before the Vietnam war was …show more content…
Price for gas was skyrocketing, Nixon and his administration now face something they never saw coming. With Arab Nations putting an embargo on the U.S. for oil. This led to the worst gas shortage in U.S. history. At the start of 1968 the price for fuel began to rise at outrageous amounts with gas being priced at one hundred times its original value. With the price for oil continuously growing the price for food, fuel and transportation went up drastically.(Doc C) This limited the spending of the average American family and made the people turn to it’s government for help. Nixon now had to come up with plans to help with this crisis. He had it where gas stations “close down their pumps between 9 P.M. Saturday night and midnight Sunday every weekend, beginning December 1.”(Doc H) This was one of three plans made to help with the energy crisis, limiting how much the American family could use the car. The final step needed to help end this shortage was to “establish of a maximum speed limit for automobiles of 50 miles per hour nationwide as soon as our emergency energy legislation passes the Congress.” Nixon wanted to limit the overuse of gas by putting limits on how fast someone could drive. In the end Nixon had to make a plan called the Project Independence where the U.S. stopped relying on other countries but our own. With the energy crisis something that seemed almost impossible happened stagflation the thing that really put America on the
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The 1980s sparked a predominantly bad change in the economy of the U.S., and this era of change was led mostly by a man named Ronald Reagan. His presidency was defined mostly by the false thought that he had been the reason for the releasing of Iranian hostages in 1981; and for his plan creating, "Reaganomics." However, this also led the economy into a deep recession. In addition to this, the oil industry started to crumble following the hostage situation due to lack of trust between countries. The 1980's overall, a time of great change and economic decline for our nation, was aided by many different factors and events including: the presidency and policies of Ronald Reagan, economic crashes/declines in the country, and lastly the oil business
From Statistics provided by the Department of Commerce from the years of 1949 to 1959, a steady increase is seen in the GNP, which shows the nation’s overall wealth (Document G). These numbers suggest the economy booming soon after the war, meaning that even during the recession of 1953 people had money enough and steady jobs to support their lifestyles. This was done during Eisenhower’s Administration, and the statistics show that the tactics he chose to increase the GNP worked, as it went up almost $500 in 10 years. Though the GNP went up, the government also spent much more money than previously, even on things such as the Interstate and Highway System. This system was put in place as a defense mechanism in June 1956, and was widely recognized across the nation as a grand idea to pull the nation back together.
President Gerald Ford was left with a population of people that were let down by a scandal that knocked a candidate for the best president this nation had ever seen and just dumped him out of the office. Also an endless conflict that was the war in Vietnam. Coming in with great hostility did not help President Ford when he pardoned Former President Nixon. But, Ford did face the stagflation and recession this nation was having during this time period. Ford always had in his mind that anything could happen that the United States was not immune to anything and this made his disbelief in Government Bailouts a reality.
The Money Men by: H.W. Brands US History AP Mr. Lee 2nd Period Student: Justin Baker Chapter 1: The Aristocracy of Capital Political: How did the federalists and antifederalists decide the US should run its money system? Ideological:
The United States went through a long period of economic instability. Banks had failed causing a loss of money and trust in banks. People were then forced into poverty or struggling times. President Franklin D. Roosevelt came along and The New Deal gave a lot of need to those in need the help they really desired. Although WWII was helping America from its depression, FDR’s
During the time from which Mildred Ella Didrikson Zaharias was majorly impacted was the 1930s through the 1940s. This period in time was often one to be discussed due to the very distinct gender roles and the economic status of the the United States. During the 1930’s the creation of the modern bureaucracy was created. This was known the public as the different parties the Republican and the Democrats (Gale). Also during the time between WW1 and WW2 the United States had been under an isolationist point in their government (Gale).
Foreign policy wise, Nixon, while still in office, began to follow Realpolitik, a policy that allowed him to create relationships with both the Soviet Union and China because it no longer required morality to be a considering factor. This change in foreign policy caused concern for Americans because of the fear of communism.
DBQ: Political Disputes 1820-1860 For forty-four years, the United States of America was a thriving country. We had won our independence from Great Britain and we had started to create a country that would change the world. Yet, in the year 1860, a joined country and political agreement between all states seemed utterly impossible. People fought with each other so deeply about slavery, the country was divided between slave and free states. By the time of 1820 through 1860, political disagreement grew so large, there had been only one answer.
Nixon stated that the United States would expect its allies to manage their own military defense, His doctrine opened up minds of U.S. military aid to allies in the Persian Gulf and in the long-term made direct U.S. military involvement in the Gulf War and the Iraq War more likely. President Nixon made a difference between three propositions, the U.S foreign policy in asia. He first emphasized that the U.S would fulfill the treaties obligations and then offer to provide a nuclear shield in case of a threat by nuclear war powers. The freedom of a nation allied with the U.S or a nations at that whose survival we would consider. Now his thrid propsititon consitues the actual core of the nixion doctrine,cases invloing other types of aggression shall furnish military and econmomic assistance when resquested in accordance with the U.S treat.
Although the government attempted to take action in order to fix these issues, it ended up doing little to nothing for the country. By the 1970s, the state of the economy had only gotten worse. Companies had already been struggling during this time, but everything changed when oil and gasoline prices significantly increased. OPEC was a very important seller of oil during this time, but they
1920’s DBQ The 1920’s were a period of tension between the traditionalists and modernists. The tension between these two groups was aroused by the economical advancements, social developments, and cultural changes in the 1920s. These tensions were manifested by the economic outburst and the passing of certain laws.
“On Tuesday, 10 August, Volcker and Shultz met and agreed that the United States had to act soon or else foreign central banks might begin demanding gold in exchange for the dollars that they were holding.” At that time, the president of the United States was Richard Nixon. Understanding the urgency and the scale of the problem, Nixon made a brave move, on August 15 he broke Bretton Woods agreement, suspended a dollar from gold. This decision was shocking not only for people of the United States, but for the whole world. Here is how Nixon presented it to the people on television: “Prosperity without war requires action on three fronts: We must create more and better jobs; we must stop the rise in the cost of living; we must protect the dollar from the attacks of international money speculators.”
Along with these controls he ran budget deficits, which was a short term plan, but long enough to get him re-elected. Ford became President after Nixon resigned. Ford tried to tackle the stagflation, first, by telling Americans to save their money, rather than spend it. In 1974 Ford proposed a tax increase and a reduction in federal spending, to attempt to manage inflation.