Modern American History. 1973-present. Nixon Resigns Aug 1974. Watergate scandal leads to Nixon’s resignation. Gerald Ford assumes office. Sept 1974: Ford pardons Nixon for any crimes he “committed or may have committed” as Pres. “I’m a Ford, not a Lincoln.”. Changing world for women.
OPEC (Organization of Petroleum Exporting Countries) stop shipping oil to countries which supported Israel.
Drastic rise in prices—1973 $3/barrel
Gas shortages all over country
Jimmy Carter ran as an outsider, not tainted by the scandals of Watergate.
Seen as honest, a man of the people. But his inexperience in working with Congress led to an ineffective Presidency.
Camp David Accords
Carter saw success in his foreign policy. He brokered an historic peace treaty between Israel and Egypt in 1978.
1978: Shah of Iran is pushed out of power.
Iran becomes an Islamic Republic led by the Ayatollah Khomeini.
8 American soldiers killed in failed rescue attempt.
Pres. Carter loses support of Americans. Seen as weak and ineffectual.
Gov’t should regulate the economy.
Fed gov’t should help disadvantaged thru social programs paid for thru taxes.
Strong supporters of free speech and privacy.
Tiananmen Square Massacre—gov’t crackdown on pro-democracy protest. Number dead: estimates range from few hundred to thousands. No one knows for sure.