The document summarizes major events in the United States during the 1970s and 1980s. It describes an economic downturn caused by OPEC oil embargoes and deindustrialization. It discusses the Watergate scandal and its impact on trust in the presidency. It also outlines social movements of the time including feminism, abortion rights debates, and the rise of the religious right. It summarizes Reagan's economic and foreign policies, including supply-side economics, SDI, and the Iran-Contra affair.