Why was there a decline in confidence 1968 - 80?
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- Created on: 24-02-17 17:21
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- Why was there a decline in confidence 1968 - 80?
- Economic events
- 1973 Oil Embargo on supporters of Israel Western nations
- oil price more than doubles in months
- causes recession
- oil price more than doubles in months
- Stagflation 1973-75
- inflation tripled 1973
- 3.4% - 9.6%
- inflation tripled 1973
- stop-go approach
- interest rates increased 11 times
- 1979 - oil price shock - Iran Revoloution
- oil price more than doubles in months
- causes recession
- oil price more than doubles in months
- 1973 Oil Embargo on supporters of Israel Western nations
- Military reasons
- 1964 small scale protests
- Tet offensive 1968 - Johnson
- Vietnam, lies about severity of defeats
- Walter Cronkite news reporter
- Vietnam, lies about severity of defeats
- Nixon
- Kent State massacre 1970
- Shooting of unarmed protestors
- Pentagon papers leaked 1971
- My Lai massacre 1972
- Bombing of Cambodia and Laos
- Kent State massacre 1970
- Vietnam fell to communism 1975
- political scandals
- Watergate 1974
- Nixon illegally taped political opponents and lied
- Ford pardoned Nixon 1974
- CIA open us mail illegally 1976
- Assassinated foreign leaders
- planted fake news
- FBI ABSCAM 70s and 80s
- 7 congress men accepting bribes
- fraudulent Arabian company for political favours
- 7 congress men accepting bribes
- Watergate 1974
- social reasons
- Politicians seen as ineffective 70s and 80s
- High profile assasinations
- JFK 1963
- MLK 1968
- dislike of liberal policies
- rise in drugs, abortion, homosexuality, crime
- 3 mile island nuclear disaster
- Economic events
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