US Unit 10 1970's to 1990's

The 1970's economy depended on what?

• imported oil

• increase gas production

• rising oil prices

• government regulations

Strategic Arms Limitation Treat (SALT I) was?

• an exchange of weapons technology

• an exchange of prisoners

• an end of the Cold War

• To stop production of ICBM's for a limited period

What happens at the beginning of "Stagflation"?

• prices for consumer goods began to fall

• increasing costs on goods took hold

• millions of workers lost their job

• manufacturing declined

Name a benefit that resulted from glasnost.

• Soviet and American citizens did not have to use passports

• Private enterprise became part of Soviet life

• Soviet citizens could make international policy

• Soviet people could openly discuss politics

Why did Nixon go to China?

• To confront Chinese government about human rights violation

• To negotiate an Arms Limitation Treaty

• To normalize relations with China before meeting the Russians

• To negotiate a peace treaty with China

What was Reagan's foreign policy

• containment

• detente

• strict constructionist

• peace through strength

High inflation and _________ causes stagflation.

• recession

• deflation

• rising unemployment

• rising prices

Nixon claimed the Watergate tapes...

• would compromise national security and executive privilege

• were private property

• did not exist

• did not contain any information relevant to the investigation

OPEC said it would embargo oil to countries that supported

• Iraq

• Egypt

• Iran

• Israel

Supporters of deregulation believe...

• Government regulations hurt the economy

• Government must regulate to correct industries to achieve economic stability

• Recovering government regulations would increase the price of oil, gas, & airline tickets

• The economy needs regulations to protect free trade