15,697
edits
Changes
no edit summary
Nixon's commitment to end the Vietnam War was split, to say the least. Nixon had substantially reduced the number of U.S. troops in Vietnam and ended the draft in 1973. However, Nixon also escalated bombing of Cambodia and Laos without Congressional approval. The U.S., South Vietnam, and North Vietnam all agreed to end the war in the Paris Peace Accords in 1973. Many Americans felt lied to about the cause and course of the war and the over 50,000 Americans that died in the war.
Furthermore, the Nixon Administration became embroiled with the largest scandal in American political history. Questions swirled about how much President Nixon knew about the break in at the headquarters of the Democratic National Committee at the Watergate Hotel, in Washington. As it became apparent that the White House directed a massive cover-up public support for Nixon cratered. Nixon's second term was spent in scandal, resulting in Nixon's resignation in August 1974. Trust in public institutions were shattered. <ref>Bernstein, Carl and Woodward, Bob, ''[https://www.amazon.com/gp/product/1476770514/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1476770514&linkCode=as2&tag=dailyh0c-20&linkId=b024b83a3c3b426c31a503b5d6aea2cb All the President's Men]''. New York: Simon & Schuster, 1974. Pages 67-71.</ref>
==Carter's Presidency and Further Trouble==
In November 1976 Democratic Governor of Georgia Jimmy Carter defeated Ford in a surprisingly tight race. Carter came to the Presidency with the promise of never lying to the American people. Carter aimed to elevate human rights to the top of his agenda and sought a series of new agreements with the Soviet Union. However, Carter's vision was largely crushed by reality. The economy remained weak and deficit spending and the end of the peg of the U.S. dollar to gold led to massive inflation and slow growth, referred to as Stagflation.
Foreign policy realities began to weigh on American policy. American ally Shah Reza Pahlavi was overthrown and replaced by a hardline Islamic fundamentalist government in 1979. Oil shipments to the United States again slowed, leading to a second shortage and price hike. The Islamic Republic of Iran took Americans hostages from the U.S. embassy and held them for over a year. Later that same year, the Soviet Union invaded Afghanistan to prop up a puppet communist regime. The Soviets benefited from the stark rise in oil prices, and in 1980 became the world's largest oil producer. As the Soviets were awash in cash and increasingly aggressive, President Carter appeared lost and without control.<ref>Dumbrell, John, ''[https://www.amazon.com/gp/product/0719046939/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0719046939&linkCode=as2&tag=dailyh0c-20&linkId=bebe3e85d37f29a1fa076696dee605da The Carter Presidency: A Re-Evaluation].'' Manchester and New York: Manchester University Press, 1995. Page 188.</ref>
Facing these various challenges, Carter held a summit with leaders to discuss the nation's problems. Out of this meeting, Carter made an important July 1979 speech to the country, describing these issues as a "crisis of confidence" facing the nation. This speech was criticized as the "malaise" speech, further deteriorating public trust in Carter. Carter appointed Paul Volcker as the new Federal Reserve Chairman and pursued a sharp hike in interest rates to quell inflation. This effort would work in the long run but also caused a sharp recession right as Carter sought re-election. <ref>Hargrove, Erwin, ''[https://www.amazon.com/gp/product/0807114995/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0807114995&linkCode=as2&tag=dailyh0c-20&linkId=4e2bd4828d391c897c94da28f665c773 Jimmy Carter as President: Leadership and the Politics of the Public Good]''. Baton Rouge and London: Louisiana State University Press, 1988. Pages 48, 66-68</ref>
==End of the Malaise==
As President Reagan took office, a series of events helped end the malaise period. Volcker's interest rate hikes began to kill inflation just as massive tax cuts began to spur the economy. Furthermore, Reagan's defense buildup restored American confidence against the Soviet Union. On inauguration day in January 1981 Iran released the hostages. Oil prices cratered during a large glut in the 1980s, causing a sharp decline in Soviet finances. Resistance to the Soviets in Afghanistan became more resolute and led to the eventual Soviet withdrawal in 1989. For many Americans the dark period of the 1970s appeared to be over and as stated in the 1984 presidential campaign, "it's morning in America again."
[[Category:Wikis]]
[[Category:Modern History]] [[Category:United States History]][[Category:20th Century History]]
*[[The Molotov-Ribbentrop Pact- Stalin’s greatest mistake?]]
</div>
{{Mediawiki:US History}}
===References===
<references/>
{{Contributors}}
