1980s Flashcards

0
Q

Reagan Revolution

A
  • Lowered taxes
  • Tax Reform Act
  • Against role of big government
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1
Q

President during 1980s…

A

Ronald Reagan

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2
Q
  • High interest rates to combat inflation
  • Cutting taxes for wealthy people which allows them to spend more
  • Idea of encouraging people to work hard because if they work hard to earn more they can keep more of their money
A

Side-economics

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3
Q

Economy in 1980s: there was a boom in ___________ but not_________.

A

Boom in stock market but not in wages

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4
Q

Reagan’s view on unions

A

NOPE did not like

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5
Q

Biggest controversy under Reagan’s presidency

A

Iran-Contra Scandal: Contras Rebels looking to overthrow socialists in Nicaragua. Reagan administration wanted to support, but congress passed law that said they couldn’t.

Selling arms to iran, funnel those funds to contra.

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6
Q

strategy orchestrated and implemented by the United States under the Reagan Administration to oppose the global influence of the Soviet Union during the final years of the Cold War.

A

Reagan Doctrine

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