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A struggle for social reform was one more factor contributing to the turbulence of the 1970s. The black struggle for equality, womens rights, gay and lesbian rights, Latino and Native Americans social reforms were all movements that began in the 1960s but achieved their greatest gains in the 1970s.
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The vietnam War made major headlines once more. The New York Times pulished the pentagon papers. A secret Department of Defense account of American involvement that gave Americans a first look at the fabrications and faulty assumptions that had guided the war,
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No longer would Dollar be tied to gold stardard. Its value would decline.
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The Watergate scandal gets its name from the Watergate Hotel. During the election campaign of 1972, the Democratic National Committee had offices inside the Watergate building. On June 17, 1972, at 2:30 a.m., police caught five men trespassing inside the hotel. The men were attempting to hide bugs, which are microphones used to secretly listen to conversations, inside these offices.
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The rise resulting from the energy crisis simultaneously raised the rate of INFLATION and produced a RECCESSION in 1974.
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Unemployment peaked at 9 percent, the highest since before World War 2. There were more STRIKES than in any postwar year.
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He pardons Nixon from any role he might've played in the Watergate Scandal.
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