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Society Terms Part 15

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"Stagflation"
a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation), During the 60's and 70's, the U.S. was suffering from 5.3% inflation and 6% unemployment. Refers to the unusual economic situation in which an economy is suffering both from inflation and from stagnation of its industrial growth.
Watergate
a political scandal involving abuse of power and bribery and obstruction of justice, 1972; Nixon feared loss so he approved the Commission to Re-Elect the President to spy on and espionage the Democrats. A security gaurd foiled an attempt to bug the Democratic National Committe Headquarters, exposing the scandal. Seemingly contained, after the election Nixon was impeached and stepped down
U.S. v. Nixon
The Supreme Court does have the final voice in determining constitutional questions; no person, not even the President of the United States, is completely above law; and the president cannot use executive privilege as an excuse to withhold evidence that is 'demonstrably relevant in a criminal trial, "Executive privilege" is not unlimited
Camp David Accords
The first signed agreement between Israel and an Arab country, in which Egyptian president Anwar Sadat recognized Israel as a legitimate state and Israeli prime minister Menachem Begin agreed to return the Sinai Peninsula to Egypt., agreement calling for Israel to return all land in the Sinai in exchange for Egyptian recognition of Israel's sovereignty. Egyptian Sadat agreed and was labeled a traitor
SALT II
the second treaty between the United States and the Union of Soviet Socialist Republics resulting from the Strategic Arms Limitation Talks, Second Strategic Arms Limitations Talks. A second treaty was signed on June 18, 1977 to cut back the weaponry of the U.S. and the U.S.S.R. because it was getting too competitive. Set limits on the numbers of weapons produced. Not passed by the Senate as retaliation for U.S.S.R.'s invasion of Afghanistan, and later superseded by the START treaty.