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Tag Archives: Richard Nixon
Stagflation
During 1970s, the United States experienced stagflation which is economic phenomenon that the unemployment rate and the inflation rate are high at the same time. Main causes for this stagflation were the changes in economic policy, the end of the Golden Exchange Standard, made by Nixon in 1971 and Oil Crisis in 1973 and 1979. It created a negative spiral in economy because price increases while income decreases and suffered not only people in the United States but also other nations especially country which highly depended on oil imports.
Image from: www.epips.com/djia/ 1970s-oil-crisis.html
Posted in 1969-1988, June 21 assignment
Tagged economics, oil crisis, Richard Nixon
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Ping Pong Diplomacy
This picture is found from website of http://www.chinadaily.com.cn/china/2006-03/27/content_553570.htm Two players, America’s Errol Resek and China’s Xu Shaofa, take part in a training session on the 1971 tour of Beijing. (“Chinadaily”)
The original creator of the image snapshot friendly exchange of table tennis (ping pong) skills between two players. In fact, it was not a simply table tennis exchange. In 1971-1972, Chinese and U.S. table tennis teams exchanged visits to each other, which is praised as “ping-pong diplomacy” in the history of Sino-US relations. The visits had opened up the door of friendly civilian exchange between two countries since 1949. It helped end the Cold War between Beijing and Washington. The tour paved the way for Richard Nixon’s visit to Beijing in 1972.
Posted in 1969-1988, Cultural History, June 7 assignment, Political history, Social History
Tagged China, Cold War, diplomacy, exchange, Richard Nixon, visit
1 Comment
Richard Nixon visted China in 1972
Yan
In February 21, 1972, The American President Richard Nixon visited China and met with the Chairman Mao Ze Dong in China. Due to this visit, Richard Nixon is marked in history for the first American President to visit China.
Richard Nixon’s visit to China is an improtant historical event to both Chinese and American sociey. The significane of this visit highlights the beginning of defrostation over “Cold War”, as well as it foreshadowes the future long-term business relationship between US and China.
Nowadays, China is America’s biggest trading partners. Besides that, due to China’s rising economy, the ideology of learning Chinese becomes more popular among American students. Most importantly, Richard Nixon’s visit marked a postive relationship in both Chinese and American history.
Posted in 1969-1988, June 7 assignment, Political history
Tagged 1972, China, mao ze dong, Richard Nixon
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