Economic History 1970 - 2000 Nixon (R 1969 – 1974) – Stagflation

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					                           Economic History 1970 - 2000

Nixon (R: 1969 – 1974) – Stagflation

Gerald Ford (R: 1974 – 1977)
   1. Oil Embargo
   2. OPEC
   3. Increase fuel prices
   4. Inflation
   5. High Unemployment

Jimmy Carter (D: 1977 – 1981)
    1. Domestic Policy
           a. Stagflation
           b. failed balancing budget
           c. Created Dept. of Energy
           d. Nuclear Power – 3 Mile Island
Ronald Reagan (R: 1981 – 1989)
    1. Stressed Good to be American
    2. Cold War Hawk
    3. Domestic Policy
           a. Supply Side Economics
           b. 2 years of recession
           c. inflations falls, Unemployment rises
           d. New Federalism
           e. Shift power to states
           f. SDI
           g. Budget deficits record highs
                     i. Tax cuts
                    ii. Military spending
                   iii. New Federalism Failure
George Bush (R: 1989 – 1993)
    1. Domestic Policy
           a. Didn’t seem to care
           b. Conservative Agenda
           c. Thousand Points of Light – Volunteerism
           d. Tax Increase
           e. Savings & Loan Bail-outs - $300 billion
           f. Recession of 1991 - 92
Bill Clinton (D: 1993 – 2000)
    1. “It’s the economy, stupid”
    2. Domestic Policy
           a. NAFTA
           b. Largest Economic Growth
           c. Dot.Com Revolution
           d. Gov’t Surpluses