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Inflation In America In 1973 Essay

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The year is 1973 was the most significant year in terms of shaping modern America Because inflation significantly affects people groups lives far and wide with the UK expansion rate running at 8.4% and the US running at 6.16% . This causes issues in each part of people groups lives from the cost of Gas, Food and Bills , which causes higher wages and the winding proceeds with, quite a bit of this is caused by the Arab individuals from the (OPEC) limiting the stream of oil to nations supporting Israel as a feature of the Yom Kippur War. What's more, the beginning of a Recession in Europe causing expanded joblessness and a 3 day week in the UK. In the interim in the US two critical cases rule the news with Roe v. Swim making fetus removal a US …show more content…

In 1973 The endangered species act was signed. Population started growing so did demands on water, transportation, and energy infrastructure. We experienced drought, air pollution and heat waves. The Yom Kippur War, Ramadan War, or October War, otherwise called the 1973 Arab– Israeli War, was a war battled by a coalition of Arab states drove by Egypt and Syria against Israel from October 6 to 25, 1973. The war started when the Arab coalition propelled a joint astonishment assault on Israeli positions in the Israeli-involved domains on Yom Kippur, the holiest day in Judaism, which likewise happened that year amid the Muslim blessed month of Ramadan. The Watergate outrage was a noteworthy political embarrassment that happened in the United States amid the mid 1970s, after a break-in by five men at the Democratic National Committee home office at the Watergate office complex in Washington, D.C. on June 17, 1972, and President Richard Nixon's organization's ensuing endeavor to conceal its association. After the five thieves were gotten and the intrigue was found, Watergate was explored by the United States

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The time period of 1968 and 1974, putting the United States in a state of disarray. The focus was Nixon and his administration and how they would pull the U.S. out of such calamity. The war in Vietnam was a costly and unpopular war, causing massive inflation along with riots in the U.S. Another challenge faced was the energy crisis, in which the price for gas skyrocketed. This was do to America 's dependency on foreign oil from Arab nations.

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When it first happened, the Watergate break-in manifested

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The Yom Kippur War had occured between Israel, Egypt and Syria. After losing territory to Israel during the third Arab-Israeli war, Egypt and Syria launched forces to coordinate an attack against Israel on Yom Kippur ( History). Yom Kippur is the holiest day in the Jewish calendar. A U.S airlift of arms had aided Israel during the war. President Nixon had delayed the military aid to Israel for a week as a tactic signal of U.S. sympathy for Egypt ( History).

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During this time Nixon was running for presidency and was running on a campaign that promised a return of more “conservative social and economic policies and a restoration of law and order”(Brinkley 741). He was voted into office, and by the year 1973 he had abolished the Office of Economic Opportunity. By the early 1970’s the United States was starting to see “long-term transformation of the American Economy”(Brinkley 745). During the 1970’s the United States was starting to experience extreme rises in inflations because of the end of cheap raw materials. During this time the cost of living rose by up to 15 percent (Brinkley).

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The Watergate scandal happened during the Nixon administration. While Nixon was running for reelection, he had seven people break into the Democratic National Committee’s Watergate headquarters. The seven burglars stole highly sensitive documents and attempted to wiretap the phones. The wiretaps failed, and the group returned on June 17, 1972 to try again. This time, they were caught by security.

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The Watergate scandal occurred on June 17, 1972. On that day, several “burglars” were arrested inside the Watergate building in Washington, D.C. These “burglars” were no ordinary thieves. They were caught attempting to wiretap phones and steal classified documents. After the burglary, Nixon took steps to cover up what happened at Watergate.

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