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Essay Name       : 1545.txt 
Uploader         : B2
Email Address    : 
Language         : English
Subject          : History
Title            : 1978
Grade            : %84
School System    : Newport News
Country          : USA
Author Comments  : This was a paper that I had to write for World History about 1978
Teacher Comments : <he did not write anything just a grade B>
Date             : 11-25-96
Site found at    : Freind
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	The year 1978 posed an eventful and intriguing year.  From the stressful and
exerting affairs of the world to the rising popularity in sports and entertainment.  Many
factors of the year 1978 contributed greatly to the changing times and future years.  Each
event played an intricate role in the overall picture of the world.

	Many world news stories occurred in 1978 including the signature of China and
Japan for The Treaty of Peace and Friendship in August which led to the establishment of
normal diplomatic relations with the U.S. in December.  Russia proved to have a bad
political and economic year.  The trade deficit with the West jumped sharply and its
growth rate lagged.  Saudi Arabia played the role of the honest broker in Arab disputes
over the Egyptian - Israeli peace negotiations in 1978 while neutralizing its ties with the
United States at the same time.  The United Nations (U.N.) sent a peacekeeping force to
Lebanon in 1978 after Israeli troops withdrew.

	Moscow continued to lose authority it once possessed over the world.  Communist
movement and the Eurocommunists of Italy, France, and Spain lst ground in elections. 
Many noted world leaders also died in 1978.  The prime minister of Australia ( Sir Robert
G. Menzies ) and Golda Meir, the prime minister of Israel were among such persons. 
Another death included Jomo Kenyatia of Kenya.

	Meanwhile, events in our own nations continued to stir.  The years 1978 remained
a year of discontent in the United States in which war was unnoted but peace with oneself
also remained absent.  The U.S. Didn't lose its influence in Asia and established
Diplomatic Relations with the Communist Regime in China.  Despite differences with the
Soviet Union, The u>S. remained on the verge of signing a Second Strategic Arms
Limitation Treaty with Russia and peace with the Middle East remained a bright
possibility.  The year 1978 saw the dramatic entrance of women into the work force of the
nation and a wider reform movement for women's rights.  There was also an increase in
special-interest groups.  Only thirty-seven percent of eligible voters went to the polls in the
congressional election in November of 1978. This remained the lowest turn-out in 35
years.  President Carter introduced an austerity budget for 1978 -78 which infuriated
liberals, major labor union leaders, and the blacks.   Political controversies of 1978 and
early 1979 illustrated this drift toward a transformation of people into new isolated yet
powerful factions.  By the beginning of 1979, the United States was a more aware and less
arrogant nation.  After humulation by Vietnam and the shock of the Watergate Scandal,
the U.S. Took its time to sort things out before the eighties approached.

	In December 1978, the major oil-producing countries raised their prices by 14.5
%.  This pushed the rate of inflation in the U.S. to eight percent and depressed the value
of the dollar.  In fact, through 1978, the value of the U.S. dollar created an almost
insoluble dilemma not only for the U.S. but the entire Western world.  Most of the blame
was placed on President Carter and his inexperience.  However, President Carter initiated
an anti-inflation policy ( Phase II ) in October.
 
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