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MALAISE 1974-1980 EUGENIA LANGAN MATER ACADEMY CHARTER HIGH SCHOOL HIALEAH GARDENS, FLORIDA.

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Presentation on theme: "MALAISE 1974-1980 EUGENIA LANGAN MATER ACADEMY CHARTER HIGH SCHOOL HIALEAH GARDENS, FLORIDA."— Presentation transcript:

1 MALAISE EUGENIA LANGAN MATER ACADEMY CHARTER HIGH SCHOOL HIALEAH GARDENS, FLORIDA

2 ESSENTIAL QUESTIONS: TODAY  WHY MALAISE?  WHAT LED TO THE CONSERVATIVE REVOLUTION OF 1980? LONG-RANGE  HOW HAS THE AMERICAN IDENTITY (SELF-IMAGE) CHANGED THROUGHOUT OUR HISTORY, AND WHY?  WHEN DID THE ERA OF PROGRESSIVE REFORM BEGIN AND END, AND WHY?

3  WE WENT THROUGH THE VERY DIVISIVE AND VIOLENT 1960s  WE LOST A WAR FOR THE FIRST TIME  A PRESIDENT AND VICE PRESIDENT WERE FORCED TO RESIGN FOR THE FIRST TIME  CREDIBILITY GAP  WOUND UP WITH UNELECTED PRESIDENT, VEEP - ONE TERM  THEN INEXPERIENCED CHANGE PRESIDENT – ONE TERM  AS ALWAYS, "IT'S THE ECONOMY, STUPID!"  BUT INSTEAD OF GROWING MORE RADICAL, MOST PEOPLE GREW MORE CONSERVATIVE

4  GERALD W. FORD – ONE TERM!  UNELECTED  NIXON PARDON  OPEC OIL EMBARGO  INFLATION/ STAGFLATION  RECESSION OF 1974 WIN WIN FED INCREASED INTEREST RATES FED INCREASED INTEREST RATES TAX CUTS "TO CREATE JOBS" TAX CUTS "TO CREATE JOBS"  DEFICITS!  MORE WOMEN AND CHILDREN WORKING

5 REAL WAGES PEAKED IN 1974 AND DECLINED UNTIL 1982 – NOTE THEY HAVE NEVER RETURNED TO '74 LEVEL

6 REMEMBER THIS CHART? % 0F NATIONAL WEALTH HELD BY TOP 1% WEALTHIEST INDIVIDUALS: NOTE THE TREND SINCE MID-1970s. TODAY TOP 10% HOLD 75%, TOP 1% HOLD 40.4 (DUE TO BUSH TAX CUTS, GREAT RECESSION OF 2007 AND BANK/ CORPORATE BAILOUTS

7 INCOME DISTRIBUTION

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9 OIL PRICES -- WHEN THEY GO UP SO DO THE PRICES OF ALMOST ALL OTHER GOODS (ALL THAT MUST BE TRANSPORTED!) 1973 – OPEC OIL EMBARGO 1979 – OIL CRISIS DUE TO IRANIAN REVOLUTION

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13 OVER DECADES – GDP FLAT AND MODEST

14 DECLINE OF SKILLED INDUSTRIAL JOBS

15 ' – EFFECT OF FORD TAX CUTS W/ NO SPENDING CUTS

16 "WHIP INFLATION NOW" – A FAILURE "STUPID IDEA" ACCORDING TO ALAN GREENSPAN

17 THE MAYAGUEZ INCIDENT, 1975: "WAG THE DOG"  THE MAYAGUEZ INCIDENT, 1975: "WAG THE DOG"

18 FORD'S APPROVAL RATINGS –NOTE THE UPTICK IN '75 DUE TO THE MAYAGUEZ INCIDENT

19 1976: JIMMY CARTER AND WALTER MONDALE (ONLY 50.1% OF POPULAR VOTE) CARTER'S MAIN QUALIFICATION: NOT A WASHINGTON INSIDER

20 WALKING TO THE INAUGURATION

21 THE SWEATER, THE FIRESIDE CHATS, AND...

22 CARTER:  ENERGY CRISIS: "MEOW" – THE MORAL EQUIVALENT OF WAR  DEPARTMENT OF ENERGY, 1977  NATIONAL ENERGY ACT, 1978 DEREGULATION OF OIL PRICES, TAX SUBSIDIES (ENERGY POLICY ACT) DEREGULATION OF OIL PRICES, TAX SUBSIDIES (ENERGY POLICY ACT)  1979 – WINDFALL OIL PROFITS TAX  SURFACE COAL MINING AND RECLAMATION ACT. OPPOSITION TO NUCLEAR ENERGY

23  COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION, AND LIABILITY ACT OF 1980 (CERCLA) -- SUPERFUND  DEREGULATION OF TRANSPORTATION RATES (STAGGERS RAIL ACT, 1979, MOTOR CARRIER ACT, 1980)  WORSE INFLATION – FED IMPOSED DOUBLE-DIGIT INTEREST RATES (SLOWDOWN)  RECESSION, 1978  PANAMA CANAL TREATY, 1978  IRANIAN REVOLUTION, 1979

24  HOSTAGE CRISIS AND BOTCHED RESCUE ATTEMPT, 1980

25 REGENTS OF THE UNIVERSITY OF CALIFORNIA V. BAKKE, BURGER COURT.  LAWSUIT BY WHITE MAN DENIED ADMISSION TO UC DAVIS MED. SCHOOL ALLEGING “REVERSE DISCRIMINATION” DUE TO UNIVERSITY’S AFFIRMATIVE ACTION PROGRAM  HOLDING: AFFIRMATIVE ACTION IS LAWFUL AS A REMEDY FOR PAST DISCRIMINATION, BUT IT CANNOT IMPOSE QUOTAS.

26 ELECTION OF 1980: RONALD REAGAN, GEORGE H.W. BUSH, 50.7% OF POPULAR VOTE, CARTER/ MONDALE 41%

27 MORNING IN AMERICA?


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