Notes - 4/9/09
-Pardon
Ford granted Nixon an unconditional presidential pardon allowing him to escape punishment while several members of his administration were convicted of criminal activity.
Chapter 31
Ford inherited stagflation. He focused on rising prices rather than on increasing unemployment. He called his program "Whip inflation now" (win). He offered a one year income tax surcharge and cuts in federal spending as solutions to inflation, prices defied the predictions of economic wisdom and prices rose. Rising prices were accompanied by a sharp recession. Both prices and unemployment continued to rise. Ford and the democratic controlled congress could not agree on how to deal with stagflation. Ford had vetoed 39 spending bills. He eventually went along with a program that had a tax cut and much more. In foreign policy, Ford steered the US through its final involvement in Vietnam. Ford began by assuring south Vietnam that the US would support them. When North Vietnam's army moved rapidly through the south in 1975 congress refused to re-introduce US military power. In April 1975, communists drove American backed government in Cambodia out of power. In May 1975 elements of Cambodian Khmer Rouge boarded a US merchant ship, the najaguez, and seized its crew. Ford ordered a rescue mission for the crew and bombing strikes against Cambodia. The crew was rescued.
In November 1976 Jimmy Carter was elected president. Increasing number of people living in central cities could find only low paying, short term jobs with no fringe benefits. Many people had no jobs. This was because of tax cuts and increased spending on public works projects. Another reason was the federal reserve board permitted the money supply to grow. Increased price inflation was another reason. International oi prices triggered a series of gas and home heating fuel. Carter also promised a significant change in foreign policy. On his first day, he extended an amnesty to Vietnam draft dodgers. He announced that a concern for human right would be at the center of his foreign policy naming him "The Human Rights President". He screwed up by choosing zbignew Brzezinski and Cyrus Vance as secretary of state. One of carters first concerns was to relinquish ownership of the US built Panama Canal to Panama. Despite strong opposition carter negotiated a treaty with Panama. The canal passed to Panama in 2000. Carters greatest foreign policy success was in bringing the leaders of Egypt and Israel to cam David, MD where they made the framework for reaching a middle east peace treaty after years of wars in exchange for huge guarantees of financial assistance. In 1977 carter sent a proposal to change the public welfare system to congress. his proposal died in congress. Carter pushed harder on energy. Without asking congress, carter went on national TV and announced a complicated energy proposal that included more than one hundred international provisions. Among them were, decreased US reliance on foreign oil and gas, expanded domestic energy production through new tax incentives and deregulation of natural gas production. Congress rejected the plan, and carter had no great success with economic policy. He inherited stagflation. He pledged to lower unemployment and inflation to stimulate economic growths and to balance federal budget, instead be 1980 the economy stopped expanding. The economic difficulties spread. Meanwhile, Carter dumped on on Taiwan and established diplomatic ties with communist China. Carters Humans rights were applied inconsistently. The Somoza government in Nicaragua fell to the Anti-American because carter withdrew support from the government. Carters policies reached a new loan in Iran. Shah rezu Pahlavi faced pressure for allowing too much westernization of Iran. The Muslim church led opposition. Shah was overthrown in in 1979. In November 1979 a group of Iranians overran the US embassy in Tehran and took 66 Americans hostage and demanded the return of the shah in exchange for hostages. The hostage situation was interrupted by the Soviet Union invading Afghanistan in December 1979. Carter halted grain sales to the Soviet union hurting American farmers. He pulled US out of Olympics in Moscow in 1980. He withdrew a new strategic arms limitation treaty (salt II) from the senate ratification process. As the 1980 election heated up, carter authorized a military rescue of the American hostages in Tehran.
Ford granted Nixon an unconditional presidential pardon allowing him to escape punishment while several members of his administration were convicted of criminal activity.
Chapter 31
Ford inherited stagflation. He focused on rising prices rather than on increasing unemployment. He called his program "Whip inflation now" (win). He offered a one year income tax surcharge and cuts in federal spending as solutions to inflation, prices defied the predictions of economic wisdom and prices rose. Rising prices were accompanied by a sharp recession. Both prices and unemployment continued to rise. Ford and the democratic controlled congress could not agree on how to deal with stagflation. Ford had vetoed 39 spending bills. He eventually went along with a program that had a tax cut and much more. In foreign policy, Ford steered the US through its final involvement in Vietnam. Ford began by assuring south Vietnam that the US would support them. When North Vietnam's army moved rapidly through the south in 1975 congress refused to re-introduce US military power. In April 1975, communists drove American backed government in Cambodia out of power. In May 1975 elements of Cambodian Khmer Rouge boarded a US merchant ship, the najaguez, and seized its crew. Ford ordered a rescue mission for the crew and bombing strikes against Cambodia. The crew was rescued.
In November 1976 Jimmy Carter was elected president. Increasing number of people living in central cities could find only low paying, short term jobs with no fringe benefits. Many people had no jobs. This was because of tax cuts and increased spending on public works projects. Another reason was the federal reserve board permitted the money supply to grow. Increased price inflation was another reason. International oi prices triggered a series of gas and home heating fuel. Carter also promised a significant change in foreign policy. On his first day, he extended an amnesty to Vietnam draft dodgers. He announced that a concern for human right would be at the center of his foreign policy naming him "The Human Rights President". He screwed up by choosing zbignew Brzezinski and Cyrus Vance as secretary of state. One of carters first concerns was to relinquish ownership of the US built Panama Canal to Panama. Despite strong opposition carter negotiated a treaty with Panama. The canal passed to Panama in 2000. Carters greatest foreign policy success was in bringing the leaders of Egypt and Israel to cam David, MD where they made the framework for reaching a middle east peace treaty after years of wars in exchange for huge guarantees of financial assistance. In 1977 carter sent a proposal to change the public welfare system to congress. his proposal died in congress. Carter pushed harder on energy. Without asking congress, carter went on national TV and announced a complicated energy proposal that included more than one hundred international provisions. Among them were, decreased US reliance on foreign oil and gas, expanded domestic energy production through new tax incentives and deregulation of natural gas production. Congress rejected the plan, and carter had no great success with economic policy. He inherited stagflation. He pledged to lower unemployment and inflation to stimulate economic growths and to balance federal budget, instead be 1980 the economy stopped expanding. The economic difficulties spread. Meanwhile, Carter dumped on on Taiwan and established diplomatic ties with communist China. Carters Humans rights were applied inconsistently. The Somoza government in Nicaragua fell to the Anti-American because carter withdrew support from the government. Carters policies reached a new loan in Iran. Shah rezu Pahlavi faced pressure for allowing too much westernization of Iran. The Muslim church led opposition. Shah was overthrown in in 1979. In November 1979 a group of Iranians overran the US embassy in Tehran and took 66 Americans hostage and demanded the return of the shah in exchange for hostages. The hostage situation was interrupted by the Soviet Union invading Afghanistan in December 1979. Carter halted grain sales to the Soviet union hurting American farmers. He pulled US out of Olympics in Moscow in 1980. He withdrew a new strategic arms limitation treaty (salt II) from the senate ratification process. As the 1980 election heated up, carter authorized a military rescue of the American hostages in Tehran.
posted by Amrita D | 12:24 PM
0 Comments:
Post a Comment
<< Home