During the past 30 years, Presidents from both parties have struggled to balance the ideals of the Great Society with national security concerns. Every American leader from Johnson to G.W. Bush has found it difficult to provide both “guns” and “butter.” During the 1970s high federal spending on Vietnam and the Great Society resulted in high inflation, precisely at the moment when American industrial productivity was declining. The resulting “stagflation”created a complex economic problem that proved unresponsive to most traditional methods of regulating the economy.
Stagflation: Recession + High Inflation
Détente: “Easing of Tensions”
SALT I Treaty: Arms Limits
Nixon & Kissinger
Only President to Resign Office!
-Issued Nixon a full pardon
-Human Rights Emphasis
-Iranian Hostage Crisis
-Camp David Accords: Brokered a peace between Egypt and Israel