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In a decade of constant crises, perhaps the most formidable challenge that Americans faced in the 1970s was the energy shortage. An era of inexpensive and seemingly unlimited supplies of oil came to an end with the OPEC oil embargo of 1973 and strained the nation's economy for the remainder of the decade. In his "Crisis of Confidence" speech, President Jimmy Carter drew connections between America's increasing dependence on foreign oil and what he...
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Publisher description: The massive inflation and oil crisis of the 1970s damaged Jimmy Carter's presidency. In Jimmy Carter's Economy, Carl Biven traces how the Carter administration developed and implemented economic policy amid multiple crises and explores how a combination of factors beyond the administration's control came to dictate a new paradigm of Democratic Party politics. Jimmy Carter inherited a deeply troubled economy. Inflation had been...
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"History has not been kind to Gerald Ford. His name evokes an image of either America's only unelected president, who abruptly pardoned his corrupt predecessor, or an accident-prone man who failed to provide skilled leadership to a country in domestic turmoil. In Gerald Ford and the Challenges of the 1970s, historical Yanek Mieczkowski reexamines Ford's two and a half years in office, showing that his presidency successfully confronted the most vexing...
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Presents essays on the problems and prospects of the U.S. economy along with recommendations to improve economic performance. Topics covered include productivity problems of inflation and unemployment in short run stabilization policy, social regulation, federal tax reform and spending, state and local government finance and the United States in the world economy. Special focus is on defense spending, social security, energy and health care costs....
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How can metropolitan regions remain prosperous and competitive in a rapidly changing economy? Challenging some long-standing assumptions, Matthew Drennan argues that those regions that have invested heavily in the information economy have done much better than those that continue to rely on manufacturing and industry as their base. Moreover, he contends, the benefits of that growth reach the urban working poor, earlier reports to the contrary notwithstanding.
The...
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Analyzing the changing conceptions of women's work and family life in the U.S. from colonial times to the present, Matthaei studies the relationship between capitalism and the sexual division of labor. From the integration within the household of family life and commodity production in the pre-Revolutionary period, she traces the separation of these two areas, resulting in the household being considered the woman's sphere and participation in the...
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"The former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilaterally ended the last vestiges of the gold standard--breaking the link between gold and the dollar--transforming the entire global monetary system"--
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The Great Inflation, argues journalist Samuelson, was the worst domestic policy blunder of the postwar era and played a crucial role in transforming American politics, economy, and everyday life--and yet its story is hardly remembered or appreciated. From 1960 to 1979, inflation rose from barely more than 1 percent to nearly 14 percent--the greatest peacetime inflationary spike in this nation's history. It had massive repercussions in every area of...
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This important resource provides students and researchers new insights into the 1970s in the U.S., through an in-depth analysis of forty important primary source documents and their lasting effect on American history. Defining Documents in American History: 1970s provides detailed, thought-provoking analysis of: President Nixon's Resignation and the Watergate Scandal, The End of the Vietnam War, The Kent State Shootings, Roe v. Wade, and The Viking...
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Dismantling dozens of firmly-held beliefs, Cox and Alm show that: "Real income" is an unreliable measure of living standards. Real wealth - the lifestyle Americans routinely enjoy - has skyrocketed; the poor have not gotten poorer. In fact, the average family living below the poverty line today is doing as well or better, in terms of material possessions, as middle-class families in 1971; corporate downsizing creates jobs in the long run; income mobility...
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