Bell Ringer #8 – 1/13/10Bell Ringer #8 – 1/13/10

1.1. What does OPEC stand for?What does OPEC stand for?2.2. Which two religious groups feud Which two religious groups feud

over Israel / Palestine?over Israel / Palestine?3.3. Why did Arab OPEC countries Why did Arab OPEC countries

raise oil prices for the USA in raise oil prices for the USA in 1973?1973?

Troubled EconomyTroubled Economy 1967-1973: the U.S. faced 1967-1973: the U.S. faced stagflationstagflation StagflationStagflation occurs when there is high occurs when there is high

unemployment and high inflation (prices unemployment and high inflation (prices up).up).

Causes of StagflationCauses of Stagflation

1.1. Pres. Johnson’s funding of both Pres. Johnson’s funding of both Vietnam and social programs Vietnam and social programs through through deficit spendingdeficit spending..

2.2. Increased International Increased International competition.competition.

3.3. America’s heavy dependency on America’s heavy dependency on foreign oil (still a problem foreign oil (still a problem today!).today!).

WatergateWatergateScandal arising from the Nixon Scandal arising from the Nixon

administration’s attempt to administration’s attempt to cover up the 1972 break-in at cover up the 1972 break-in at the Democratic National the Democratic National Committee (DNC) headquarters Committee (DNC) headquarters in the Watergate complex.in the Watergate complex.

Led to the imprisonment of 25 Led to the imprisonment of 25 government officials.government officials.

The Watergate Complex The Watergate Complex

Washington D.C.Washington D.C. http://www.history.com/video.do?name=americanhistory&bcpid=1676043206&bclid=1716449817&bctid=1592089131http://www.history.com/video.do?name=americanhistory&bcpid=1676043206&bclid=1716449817&bctid=1592089131

http://www.history.com/video.do?name=americanhistory&bcpid=1676043206&bclid=1716449817&bctid=1539409699http://www.history.com/video.do?name=americanhistory&bcpid=1676043206&bclid=1716449817&bctid=1539409699

““The President’s Men”The President’s Men”Small, loyal group of advisors Small, loyal group of advisors Shared Nixon’s desire for Shared Nixon’s desire for

secrecy and power. Believed secrecy and power. Believed they were “above the law”they were “above the law”

The BurglaryThe BurglaryAt 2:30 a.m. on June 17, 1972, a At 2:30 a.m. on June 17, 1972, a

Watergate guard caught 5 men Watergate guard caught 5 men breaking into Democratic breaking into Democratic National Committee (DNC) National Committee (DNC) headquartersheadquarters

Were trying to place wiretaps, or Were trying to place wiretaps, or “bugs” on the office telephones“bugs” on the office telephones

Workers began shredding Workers began shredding documents and passed out documents and passed out $450,000 to buy the burglars’ $450,000 to buy the burglars’ silencesilence

Chapstick tubes with hidden microphones.Chapstick tubes with hidden microphones.

Nixon’s Nixon’s advisors advisors helped plan helped plan the the Watergate Watergate burglaryburglary

They also They also helped to helped to cover it upcover it up

Nixon Visits ChinaNixon Visits ChinaNixon visited China Nixon visited China

in 1972 to try to in 1972 to try to normalize relationsnormalize relations

Reversed American Reversed American policy of ignoring policy of ignoring China and helped China and helped Nixon’s image.Nixon’s image.

Saturday Night MassacreSaturday Night MassacreOct 1973 – Nixon still denied Oct 1973 – Nixon still denied

his Watergate involvement his Watergate involvement He ordered Attorney General He ordered Attorney General

Richardson to Richardson to firefire the the prosecutor investigating prosecutor investigating WatergateWatergate

Richardson refused and Richardson refused and resigned – an event known as resigned – an event known as “Saturday Night Massacre”“Saturday Night Massacre”

Presidency ShiftsPresidency ShiftsVP Spiro Agnew resigns. VP Spiro Agnew resigns.

Faced with impeachment, Faced with impeachment, Nixon resigns in 1974. Nixon resigns in 1974.

Nixon’s appointed VP, Nixon’s appointed VP, Gerald FordGerald Ford, becomes , becomes President. Ford gave President. Ford gave Nixon a “Presidential Nixon a “Presidential Pardon” one month later!Pardon” one month later!

HOMEWORKHOMEWORK

Read Ch 24, Sn 2 (pgs 802-809)Read Ch 24, Sn 2 (pgs 802-809)Answer 1 & 4 on page 807Answer 1 & 4 on page 807Due FridayDue Friday