Ford & Carter Pgs. 718 - 721 Chapter 21.3

The Economic Crisis of the 1970s A Mighty Economic Machine Slows Increased spending on Vietnam This causes inflation OPEC & the price of oil From $3 to $30 A Stagnant Economy Manufacturing decreases – Germany & Japan “Stagflation” – inflation w/o growth More G. spending = more inflation Higher interest rates= less inflation & less growth

Ford & Carter Battle the Economic Crisis Ford Tries to “Whip” Inflation Conserve gas, cut taxes & reduce inflation The Election of 1976 Carter replaces Ford Carter’s Economic Problems Brief Return of Deficit Spending Department of Energy – reduce dependence on oil

Cont. Deregulate oil industry Carter’s “malaise” speech Perhaps if we get more from home… Carter’s “malaise” speech Carter was an “outsider” Didn’t know how to work w/ Congress

Environmentalism Pgs. 730 - 733 Chapter 21.5

The Origins of Environmentalism America the Beautiful Questions arise over the use of pesticides Sure they kill bugs but… A couple sued to stop the use of DDT And a door was opened Silent Spring and a world of pollution Smog and other disasters A river on fire

Cont. A Grassroots Effort Begins The first Earth Day New Societies

The Environmental Movement Blossoms The Environmental Protection Agency Plenty of new legislation Love Canal Land for school - $1 Higher rate of health problems Cancer, respiratory illness, birth defects The land had been a toxic waste dump No regulations allowed waste to leak The government took over the town

Cont. Concerns About Nuclear Energy Fossil fuels are limited and create pollution Nuclear energy offers an alternative Then Three Mile Island Cooling system fails, radiation released into the air Never any real danger, the damage is done No new nuclear power plants since 1973