Why was there a decline in confidence 1968 - 80?

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  • Created by: BKW
  • 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
      • Stagflation 1973-75
        • inflation tripled 1973
          • 3.4% - 9.6%
      • stop-go approach
        • interest rates increased 11 times
      • 1979 - oil price shock - Iran Revoloution
        • oil price more than doubles in months
          • causes recession
    • Military reasons
      • 1964 small scale protests
      • Tet offensive 1968 - Johnson
        • Vietnam, lies about severity of defeats
          • Walter Cronkite news reporter
      • Nixon
        • Kent State massacre 1970
          • Shooting of unarmed protestors
        • Pentagon papers leaked 1971
        • My Lai massacre 1972
        • Bombing of Cambodia and Laos
      • 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
    • 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

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