The decade of the 1970s impacted the United States and left the economy in ruins. The stock market was a mess and people wanted nothing to do with stocks. The stock market lost around 40% in an 18-month period, a large sum considering the amount of money that is invested in it. Furthermore, during the energy crisis and economic collapse, the United States had to pay twelve dollars for a barrel of oil instead of the usual eight. On the other hand, the impact occurred through famous people, including through music and fashion. The 1970s were home to the likes of John Travolta and three US presidents: Richard Nixon, Gerald Ford and James Carter. The 1970s were also the decade in which punk rock and disco were born. Part of the fashion was also influenced by musical styles. Everything that happened in the 1970s still affects us today, especially the economy. There are many events in the 1970s and each of them still affects us today. The year 1972 was when Nixon's foreign policy and the Munich massacre took place. Nixon's foreign policy made Richard Nixon the first president to visit China. That's partly what made him known today because he helped the United States. It also “opened the communist nation to American trade and reopened diplomatic relations.” This caused the US to receive more money because China would buy a lot of US products. It also made the Soviet Union isolated and later they started bargaining with the United States, both sides progressed. Ultimately, both sides reached an agreement and a “peaceful coexistence known as détente.” In short, increasing trade and creating peace was the primary effect of Nixon's foreign policy. The Munich massacre is also... middle of paper... softer attitude, Gianni Versace and Giorgio Armani, and the scarf was the accessory of the year. Then in 1978, the shoulder pads, tilted hats and tailored suits were reinstated, the figures were shown with more skin, and for the men suits, jackets and coats and a scarf on the outside of the jacket. In conclusion, the people, events, music and fashion of the 1970s have influenced the present. The 1970s were a time of change and growth, it was also a time of sadness. The economy was in bad shape and Elvis Presley died. Furthermore, the breakup of the Beatles made the period even sadder than before. Well, we all grow and expand, but no matter how much we grow, we will screw up and it's up to us to rebuild. Gerald Ford had to try to solve the previous problems, but he didn't solve them all. If it hadn't been for the 70s we wouldn't have gotten to where we are now.