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Economic crisis of confidence by making people less willing


Problem: Nice, let's plug Watergate into this picture - Very short, focused version: 1972: People on Nixon's re-election team are caught breaking into Democratic offices at the Watergate complex. 1972-74: It slowly comes out that there was not just a break-in, but a cover-up involving high officials. 1974: Facing almost certain impeachment, Nixon resigns. Why this matters for "crisis of confidence": It wasn't just "a bad president"; it felt like the system itself had been lying. At the same time, the economy is hurting and inflation won't go away. So ordinary Americans see: leaders caught in scandal economic "experts" not fixing things Trust in government in polls falls sharply in the 1970s - this is sometimes nicknamed the "malaise" era (general gloom and doubt). Does it make sense how Watergate, even though it's a political scandal, deepens the economic crisis of confidence by making people less willing to believe what leaders and experts say? Or is there a part of that connection you want me to slow down on? Need Assignment Help?

 

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Other Subject: Economic crisis of confidence by making people less willing
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