The document summarizes major events in 1970s America, including Nixon's presidency and the Watergate scandal, Ford pardoning Nixon, Carter dealing with inflation and the energy crisis, and developments in the Middle East. Nixon pursued a Southern Strategy and enacted price controls but his paranoid behavior led to the Watergate break-in scandal. Ford pardoned Nixon but hurt his popularity. Carter increased spending, causing inflation to rise as he tried to address energy issues through conservation and alternative fuels. The Iranian Revolution ousted the US-backed Shah and increased tensions.