1960s - present

Question 1

1970s economy

Answer 1

• Inflation was the primary domestic issue during the Carter administration
• During the 1970s, the American economy experienced both an increasing rate of inflation and a slowing economic growth
• Combination of rising inflation and rising unemployment was called stagflation

Question 2

Stagflation

Answer 2

• Combination of rising inflation and rising unemployment

Question 3

Cater’s Foreign Policy

Answer 3

• Emphasized foreign policy based on human rights

Question 4

Reaganomics

Answer 4

• Supply-side economics
• Reduce federal tax rates for business and wealth Americans (led to large increase in the incomes of wealthy Americans)
• Reduce corporate tax rates and encourage private investment
• Promote economic growth by deregulating business

Question 5

North American Free Trade Agreement (NAFTA) (1993)

Answer 5

• Signed into law by Clinton
• Created a North American trade bloc
• Trade pact between US, Canada, Mexico
• Virtually eliminated all tariffs and trade restrictions between the countries