Israel Yom Kippur War 1973 oil crisis Richard Nixon Watergate scandal his resignation stagflation Ronald Reagan neoliberal reforms rollback collapse of the Warsaw Pact dissolution of the Soviet Union Cold War Warsaw Pact Union Soviet Union President
The United States supported Israel during the Yom Kippur War, leading to the 1973 oil crisis. The presidency of Richard Nixon saw the American withdrawal from Vietnam but also the Watergate scandal, which led to his resignation and a decline in public trust of government that expanded for decades. After a surge in female labor participation around the 1970s, by 1985, the majority of women aged 16 and over were employed. The 1970s and early 1980s saw economic stagflation and President Ronald Reagan responded with neoliberal reforms and a rollback strategy towards the Soviet Union. The late 1980s and early 1990s saw the collapse of the Warsaw Pact and the dissolution of the Soviet Union, which marked the end of the Cold War and solidified the U.S. as the world's sole superpower.
