1. Ford, Carter, & Reagan

3. 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

4. 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 election…

5. Paris Peace Accords 1973 Ended US involvement in the Vietnam War
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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

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

7. 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

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

9. Iranian Hostage Crisis 1979-1981

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

11. 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

12. Reaganomics!
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.

13. Reaganomics!
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.