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Name: ___________________________________________________________________________ American Nation pages 883-885 Period: ______ President Nixon and later presidents had to deal with inflation and stagflation. Use the index to define 1. Inflation ____________________________________________________________________________________ 2. Stagflation: __________________________________________________________________________________ The Arab-Israeli Conflict Why did Jews settle in Palestine? __________________________________________________________ How did the creation of Israel in 1948 effect the relationship between Jews and Arabs? __________________________________________________________ __________________________________________________________ __________________________________________________________ What does OPEC stand for and why did the cut off oil shipments? __________________________________________________________ ___________________________________________________________ How does the cartoon above view the relationship between Arab oil and Western Economic Powers? __________________________________________________________________________________________________ __________________________________________________________________________________________________ What were the Camp David Accords? __________________________________________________________________________________________________ __________________________________________________________________________________________________ Why did President George Bush send U.S. troops to Kuwait and Saudi Arabia? __________________________________________________________________________________________________ __________________________________________________________________________________________________ What was the result of the Persian Gulf War? __________________________________________________________________________________________________ __________________________________________________________________________________________________ American Nation Pages 888-889 How did the changes in the Japanese economy affect the world? __________________________________________________________________________________________________ __________________________________________________________________________________________________ __________________________________________________________________________________________________ __________________________________________________________________________________________________ What is a “global economy”? (This isn’t necessarily defined in your book) __________________________________________________________________________________________________ __________________________________________________________________________________________________ __________________________________________________________________________________________________ How did competition in international trade affect the United States? __________________________________________________________________________________________________ __________________________________________________________________________________________________ What is a trade deficit and how did the United States develop a trade deficit? __________________________________________________________________________________________________ __________________________________________________________________________________________________ __________________________________________________________________________________________________ What is the main goal of NAFTA? __________________________________________________________________________________________________ __________________________________________________________________________________________________ What are the two opinions about NAFTA? 1. ___________________________________________________________________________________________ ___________________________________________________________________________________________ 2. ___________________________________________________________________________________________ ___________________________________________________________________________________________