No Islamic Republic of Iran if a Republican had won in ‘76, no ayatollahs, the Shah remains in power.
But maybe no Reagan either and with no Cold War II the Soviet Union survives.
Ford might not have run in 1976 as he would have been vice president and not president. Reagan was already coming on strong in 1976. Still...these are just what ifs....
Without Watergate; there would have been no Gerald Ford incumbency to block Ronald Reagan from getting the nomination in ‘76.