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The 1970s and 1980s brought remarkable changes for the Untied States. The Cold War between the US and its allies versus the Soviet Union and its allies/clients was still the dominant international issue. China was also going to start emerging as a major world power. Nixon was dealing with Vietnam and then Watergate—one of the pivotal scandals of modern history. Reagan would bring a new national spirit, and he would tackle economic problems by deregulation and moderating taxes—and he would be dealing with a very new type of Soviet leadership.

Discuss lessons in leadership with the examples of President Nixon and President Reagan:

Choose and discuss (in a full paragraph or two) one of the following two topics related to the 1960s and 1970s, especially to the terms of Presidents Nixon and Reagan.

  1. Discuss lessons in leadership with the examples of President Nixon and President Reagan:
    • Identify a leadership example from President Nixon’s handling of the Watergate issue, and another example from Reagan’s presidency.
    • Give two lessons in leadership—one from each example. They can be positive lessons or negative lessons (good things to do; things not to do, etc). Discuss how these lessons can apply to those in business or politics or some other realm.
    • Identify the source(s) where you read about these issues.
  2. Discuss Presidents Nixon and Reagan as Cold Warriors:
    • Identify a strategy or policy from the Nixon presidency that related to the Cold War, and another from the Reagan presidency.
    • In hindsight, describe your views of each approach and how effective (or not) each approach was.
    • Identify the source(s) where you read these issues.

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Import Tariffs, Quotas, and RestrictionsIn this module, we have outlined government policy toward import tariffs (taxes on imported goods as they enter a country), quotas (a limit on the quantity of a good that can be produced abroad and sold domestically), and restrictions (limitations on the quantity of goods imported/exported to a specific country). Trade can allow countries to use their national resources more efficiently, and it can allow industries and workers to be more productive. Trade may even allow countries to achieve higher living standards, and keep the cost of many everyday products low. Government regulation of trade has had a significant impact not only on global trade flows, but also on economic growth and prosperity. For this reason, it is useful to consider the main ways that governments have tended to regulate trade and, more recently, to deregulate it. For this discussion activity, respond to the following prompts: Research one item that is internationally traded and outline how this product flows from one country to the next. Are any tariffs, quotas, or restrictions on this product being traded? Has this product ever been under an embargo? If so, why? Is there a distinct government policy for this product’s trade? Please use in text citations when stating facts (i.e. Indonesia is the largest supplier of coconuts) Swalbe, (2010).

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