Economics
Succeeding JFK was Lyndon Baines Johnson in 1963. He was the Vice President to Kennedy after having occupied the Senate for sometime, thus he held a proper understanding of what needed be done in the country. It is discussed in the reading that immediately upon being moved to Presidency position he immediately took action. He signed off on the Passing of Kennedy's Civil Rights Act in 1964 and also launched a full scale attack on poverty. He cared greatly about the welfare of this country and considered himself a sort of "New Dealer" in the sense that he would try and stimulate upward growth for those in poverty. Growing up as a poor boy from Texas, it is easy to see why such an issue would be important to Johnson. Between 1965 and 1966 he passed Medicare and Medicaid bills which gave medical care for the aged and poor, respectively. He also enacted legislation that gave educational aid to the poor regardless of ethnicity. This was the first great push by a president for equal and opportune rights that this country has ever seen and serves as a highpoint in the Johnson Administration. This war on poverty and equal rights resulted in a significant drop in the percentage of Americans living in poverty. Quality of life and education in minorities increased exponentially.
After the Johnson presidency came possibly the most controversial and contentious president, Richard Nixon. Economically, Nixon started with quite the troubles. Upon coming into office in 1969, American economic growth fell tremendously from 5% to 3.2%. Also due to Nixon's new taxes, Americans saw inflation skyrocket from 3% in 1967 to 12% in 1974. It would continue to double throughout the 70s. This can partly be attributed to Nixon's 10% surtax on imports. Unemployment also rose by 3 percent during his presidency. Economists and pundits gave several reasons for this decline in growth, inflation, and a rise in unemployment. Some blamed it on the federal government pumping money into the economy. They claimed it caused the economic problems because the monies the feds were pumping into the economy did not generate sufficient gains in productivity. Some blamed federal regulations for making doing business in America more costly and time consuming. Some blamed the cost of the expansion of the federal government, particularly medicare, and the costs of the war in Vietnam. Many blamed the skyrocketing costs of raw materials, especially the increasing cost of oil and petrol/gas, which resulted in a growing trade imbalance between what America exported, too little and what it imported, too much. Corporations began moving factories to the south where people were ready to work and profit. During the 70's, southern states such as Texas and North Carolina began to profit significantly due to this move in business which allowed southerners to create more than 1 million manufacturing jobs. From the 80s through the 90, technological manufacturing took off, enabling for big economic boom thanks to Ronald Reagan and George Bush the 1st . The northern economy soon recovered and by 1995, scientific breakthroughs like the computer and biotechnology allowed for the US to once again regain its position on top of the world production. Corporations such as Microsoft and Apple soon increased globalization of the word economy, lowering inflation and unemployment significantly.
Politics
Politically, Nixon ran into some issues. Between 1972 and 1974, illegal White House activities emerged in the press and in the courts amidst revelations that Nixon taped his meetings in the White House, the firing of a special investigator of the Watergate cover up by Nixon, and fights over executive privileges. By 1974 the Judiciary Committee of the House of Representatives initiated impeachment hearings against Nixon for conspiracy, obstruction, abuse of power, and unconstitutional defiance of Congress and voted to impeach him in July of 1974. On 9 August 1974 Nixon, reading the writing on the wall, resigned. Succeeding Nixon was President Gerald Ford who's greatest political remembrance is the fact that he pardoned Nixon for his actions and could never seem to agree with Congress on any bill. It is revealed through the readings that he rejected some 50+ bills proposed during his presidency including ones to expand health care and education. The favor was returned by congress when his bills were rejected. His presidency is best remembered as a stalemate of not much getting done. Similar to Ford, President Jimmy Carter achieved little to nothing until Ronald Reagan of the 80s who successfully increased defensive spending, issued tax reform in cutting higher taxes, and reduced American Spending, borrowing and debt. Succeeding Reagan was George H.W. Bush, who issued the Americans with Disabilities Act that required all public building become accessible to all of those with disabilities. More importantly, Bush excited Operation Desert Storm which was a military maneuver in which American troops bushed Saddam Hussein and his soldiers out of Kuwait successfully and speedily. This reassured Americans for future bouts with foreign powers that solidified Bush's presidency. The final president before hitting the new Millennium was Bill Clinton who was elected in 1992. With new technology and innovation, America saw prosperous times in which Clinton took the chance to capitalize. He passed the North American Free Trade Agreement (NAFTA) which increased trade worldwide, further stimulating the American economy.
Culture
The country was changing and changing rapidly; this perfectly illustrated by the changes in women of our American society. During the 70's women had only earned half the money that me made in the workforce but come 1994, the magic number was 77: women were now making 77% percent of what men made. Although this statistic has not raised in the last 20 years, it illustrates a large leap in the culture of this country. By the ate 1990's approximately 8 million women were private business and homeowners as well as the main bread-winners in their families household.
Inside the Meltdown (Feb. 17, 2009)[PBS]
This documentary investigates the 2008 "meltdown" and gives the behind-the-scenes stories of the Bear Stearns and Lehman Brothers business collapses that kicked off the present day economic crisis, followed by efforts to support insurance giant AIG and a 700 billion dollar bailout. Inside the Meltdown especially focuses upon the sudden, catastrophic dilemma thrust upon Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, whose fear of the concept that bailing out a failing business will only promote and encourage more failure on their part forced them to give way to the larger, possibly economy-destroying threat of a resounding ripple effect stemming from the collapse of giants.
Judgment Day: Intelligent Design on Trial (Nov. 13, 2007)[PBS]
The film focuses on the battle between which should be taught and what is correct; Darwin's Theory of Evolution vs. the ice of Intelligent Design. In a town in Pennsylvania, a six-week trial went on to battle what should be taught to the youth, basically religion vs science. I was personally taught as a catholic school boy to believe in the religious aspect of human growth and how we came about. However as I have grown into adulthood, it has presented to me an issue which is more correct, personal belief of what has been shoved down my trout, that being the theory of evolution.
Works Cited
"American Experience: TV's Most-watched History Series." PBS. PBS, n.d. Web. 05 May 2014.
"Inside the Meltdown." PBS. PBS, n.d. Web. 05 May 2014.
Schaller, Michael. American Horizons: U.S. History in a Global Context. New York:
Oxford UP, 2013. Print.
"Watch Now: NOVA | Judgment Day: Intelligent Design on Trial | PBS Video." PBS
Video. N.p., n.d. Web. 05 May 2014