1971: Pentagon Papers
• Date: Feb. 8
• Location: Laos
The Pentagon Papers, a study by the U.S. Department of Defense about the country's involvement in the Vietnam war, are released and published first in The New York Times, then other newspapers. The documents expose several missteps and how several administrations have misled the American public regarding the war in Vietnam. They also reveal an expanded campaign in Cambodia and Laos, especially clandestine bombing in Laos, which today is considered the heaviest bombardment in history.
1972: Nixon Goes To China
• Date: Feb. 21
• Location: Beijing
President Richard Nixon, a virulent anti-communist earlier in his political career, surprises the American public by traveling to Beijing, China, for a week of talks in a historic first step toward normalizing relations between the United States and the People’s Republic of China. Until this trip, the United States and communist China were de facto enemies, fighting proxy wars in the Korean Peninsula in the 1950s and South Vietnam at the time of Nixon’s visit.
1973: Roe v. Wade
• Date: Jan. 22
• Location: Washington D.C.
In a landmark 7-2 decision that will be known as Roe v. Wade, the Supreme Court rules that under the Due Process Clause of the 14th Amendment, states cannot completely bar a woman's decision to terminate her pregnancy. However, the court adds that as the pregnancy develops, the state can balance a woman's right to privacy with its interest in preserving the "potentiality of human life." As a result, states can ban abortion in the third trimester except in cases where a pregnancy affects a woman's health.
1974: Nixon Resigns Out
• Date: Aug. 8
• Location: Washington D.C.
President Richard Nixon announces his resignation amid impeachment proceedings stemming from the Watergate scandal and his administration's attempt resist a congressional investigation. The scandal exposes abuses of power by the White House after five burglars were busted breaking in to the Democratic National Committee headquarters in the Watergate office complex in Washington, D.C. Nixon becomes the only president in U.S. history to resign.
1975: Saigon Falls
• Date: April 30
• Location: South Vietnam
Two years after the last American troops leave Vietnam, communist troops from North Vietnam capture Saigon, ending nearly two decades of relentless war in the rice paddies and jungles of that Southeast Asian nation. The final tally of war dead for the United States is 58,202.
1976: The Concorde Changes Air Travel
• Date: Jan. 21
• Location: London and Paris
Two supersonic Concorde jets take off simultaneously – one from London to Bahrain, operated by British Airways, and the other from Paris to Rio de Janeiro via Dakar in Senegal, operated by Air France – marking the first time paying passengers enjoy commercial travel at faster than the speed of sound. Though travel by one of the 16 Concordes ever put into service could slash travel time from New York to London in half, the high cost of maintenance, soaring ticket prices, as well as a fatal accident in 2000, sealed the fate of the narrow, slope-nosed aircraft.
1977: Rise of the PC
• Date: January
• Location: Chicago
Personal home computers began to emerge in the 1970s, but many of the earliest versions resembled calculators that would plug into televisions sets. By 1977, however, the desktop home computer begins to resemble their more modern versions – with an accompanying attached or separate computer screen and a magnetic tape or floppy disk storage device. The Commodore PET is unveiled at the Consumer Electronics Show in Chicago that year, while the first Apple II and Radio Shack's TRS-80 go on sale.
1978: Cult's Mass Suicide
• Date: Nov. 18
• Location: Jonestown, Guyana
More than 900 people die in one of worst recorded acts of cult-related mass murder-suicide after most of the victims and perpetrators drink a powdered drink mix dosed with cyanide. Most of the victims are Americans, devotees of Peoples Temple cult leader Jim Jones, a former Methodist-trained preacher who built a following and led the flock to Guyana. Among the dead are 276 children who drink the poison. A small number of cult defectors are killed by Peoples Temple gunmen who also slay California congressman Leo Ryan, who had gone to Guyana to investigate Jonestown.
1979: Islamic Republic Born in Iran
• Date: Feb. 11
• Location: Tehran
Worsening economic conditions, increasing discontent with the government, and wide support for religious leader in exile Ayatollah Ruhollah Khomeini end the reign of Mohammad Reza Shah Pahlavi. The shah and his family flee Iran in January 1979. On Feb 11, the monarchy is dissolved, and on April 1, Khomeini declares Iran an Islamic republic. With support among the nation's clergy and their many followers, he begins rebuilding Iranian society based on conservative Shiite religious principles.
1980: Reagan Elected
• Date: Nov. 4
• Location: Washington, D.C.
With the United States in an economic malaise and the Iranian hostage crisis hobbling the presidency of Jimmy Carter, Ronald Reagan is elected the 40th president in a landslide. Reagan, who would serve two terms, was the oldest man elected president at the time. Reagan's election changes the trajectory of American politics, ushering in an era of conservative leadership. During his tenure, he takes a more aggressive approach to the Soviet Union and increases defense spending. Reagan convinces Congress to cut taxes, a move that many economists credit with triggering an economic boom in the 1980s.
1981: AIDS Impacts America
• Date: June 5
• Location: Los Angeles
The U.S. Centers for Disease Control and Prevention publishes a report about five gay men who had been diagnosed by local physicians with a rare form of pneumonia – the first reported U.S. cases of what would later become known as HIV/AIDS. The autoimmune disease spread so fast that by the end of 1982, 500 Americans had died from what now the CDC called acquired immune deficiency syndrome, or AIDS. An estimated 35 million people worldwide would die from AIDS-related illnesses since the start of the epidemic.
1982: Mexico Triggers Regional Debt Crisis
• Date: Aug 12
• Location: Mexico City
Global economic stagnation in the 1970s and early 1980s, and excessive borrowing among Latin America's biggest economies, boils over when Mexico's Finance Minister Jesús Silva-Herzog tells the U.S. Federal Reserve his country can no longer service its debt to $80 billion. After the announcement, lenders realize virtually every country in Latin America, led by Brazil, Argentina and Mexico, are not able to pay back loans. The crisis would lead to years of eroding wages, weak-to-negative economic growth, sky-high unemployment, severe austerity measures, and political instability – known as the "lost decade" in Latin America.
SOURCE: 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY
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