Ford, Carter, & Reagan

Gerald Ford 1974-1977 Republican VP for Nixon Accidental president Become VP after Spiro Agnew resigns from tax evasion, then become Pres when Nixon resigns from Watergate scandal

Ford Pardons Nixon Ford cleared Nixon of being charged with anything for Watergate American people had lost faith in gov Ford thought it was a good idea to help people move on and put Watergate behind them Probably cost him the 1976 election… https://www.cbsnews.com/news/how-gerald-ford-healed-a-nation-post-watergate/

Paris Peace Accords 1973 Ended US involvement in the Vietnam War https://www.youtube.com/watch?v=rDb4 CBJcRr8 Ended US involvement in the Vietnam War Supposed to be a ceasefire but north & south Vietnam kept fighting till the North took control of the whole country Vietnam became a Communist country 1975 Containment failed

Jimmy Carter 1977-1981 Democrat Peanut farmer from Georgia Former GA governor Ford unpopular, Carter wins narrow victory in 1976 election Worked with Human Rights before, during & after presidency

Camp David Accords Sept 1978 Secret negotiations at Camp David (presidential retreat in Maryland) led by Pres. Jimmy Carter led to Israel and Egypt signing peace agreements The Middle East had been fighting for decades over the creation of Israel Egypt recognized Israel as a country, this angers rest of the Arab world. US promises economic and military aid and wants opening of Suez Canal

Iranian Revolution 1979 revolution that transformed Iran from monarchy that was pro-American to a religious Islamic Republic political and religious authority

Iranian Hostage Crisis 1979-1981 https://www.youtube.com/watch?v=w918Eh3fij0

Ronald Reagan 1981-1989 Republican Former Hollywood actor Governor of Cali Election 1980 against Carter (unpopular from Iran Hostage Crisis and bad economy)

Reaganomics: the basic idea Economic idea of “trickle-down” Step 1: give tax breaks to the wealthy Step 2: the wealthy will invest their $$ into businesses Step 3: those businesses will hire more people Step 4: those people have more $$, & will spend it Step 5: the economy grows

Reaganomics! 1981-1989 During the campaign of 1980, Ronald Reagan announced a recipe to fix the nation's economic mess. He claimed high tax burdens, excessive government regulation, and massive social spending programs hurt growth. Reagan proposed a tax cut for upper income levels. The economic theory behind the wisdom of such a plan was called SUPPLY-SIDE or TRICKLE-DOWN ECONOMICS. Tax cuts for the rich would enable them to spend and invest more money that they had saved from paying taxes. This new spending would stimulate the economy and create new jobs.

Reaganomics! 1981-1989 The defense industry boomed as well. Reagan approved increased military spending and technology Ronald Reagan's increased spending and accompanying tax cuts resulted in dramatic budget deficits (shortages) during the 1980s. A deficit occurs when spending exceeds revenues in any year. Reagan advocated paying for these expenses by cutting government programs. In the end, Congress approved his tax and defense plans, but refused to cut any welfare programs, such as Social Security. The results were skyrocketing deficits. The national debt tripled from one to three trillion dollars during the Reagan Years. The President and conservatives in Congress cried for a balanced budget amendment, but no one had the discipline to propose or enact a balanced budget. The growth that Americans enjoyed during the 1980s came at a huge price for the generations to follow.