day 1

• Nixon became president in 1968
• Henry Kissinger was Nixon’s advisor on foreign affairs

  • Nixon and Kissinger ended US involvement in Viet.
• New Federalism - to distribute federal power between states and local governments
• Revenue Sharing: state and local government could spend their federal dollars however they see fit within certain limits
• Nixon served during ww2. He lost 2 brothers to rare diseases. He went to Duke University and studied law. He was described as competitive
• • Nixon appointed 4 Supreme Court justices
• • Stagflation: high inflation and high unemployment
• • a major reason for our economic suffering was because of our dependency on foreign oil
• • OPEC: Organization of the Patroleum Exporting Countries
• What was a major reason for our economic suffering?

  dependent on foreign oil
• What does OPEC stand for?

  Organization of the petroleum exporting countries