The Brezhnev Era, 1972–1985: The Extent of Détente up to 1979 - Stagflation in US, reasons for detente Flashcards
How has the US’s economy changed in the 1970s
Economic expansion stopped
Decline of manufacturing, due to competition w/ other countries
Why was 1971 significant economically for the US
First year importing more than exporting
What is the inflation rate at in the 1970s
10% a year
What was the Oil Crisis
1973
Oil exports halted from Arab states (in retaliation for their support of Israel in the Yom Kippur war)
Led to oil price quadrupling
Caused prices to rise for everything as oil is involved in so much
What is stagflation
Label given to what was going on in US’s economy at this time
Stagnated economic growth + inflation
Why did US want detente
Control the USSR
US considered Brezhnev less erratic than Khrushchev, easier to negotiate with
Assertiveness of West Europe, e.g Charles De Gaulle met with Soviets, and FRG’s Ostopolitik
Why did the USSR want detente
threat of MAD
Sino-Soviet split weakened Soviets
Prague Spring
