4- Presidents 1974-2000 Flashcards
When was Reagan president, what problems did he inherit?
1981-1989
Serious economic problems: world recession(factory closures, rising unemployment), high budget deficits
What were reagans economic policies
Reaganomics
he cut taxes for business and wealthy so they would spend more- this wealth would ‘trickle down’ to middle and lower classes,
Welfare program(e.g food stamps&support for poor) cut,
Biggest tax cut- gov didn’t collect much money compared to how much was being spent. National debt increased to 1 trillion,
When was bush president
1989-1993
What did bush have a reputation as
A safe pair of hands
What did bush have to deal with
Economic problems run up by Reagan years
What did bush do with taxes?
Increased direct taxes and reduced number of wealthy people exempt from tax
What did bush do to military spending
Cut it
What did the unemployment rate peak at
7.8%- highest since 1984
How many people living in poverty in 1992
14.2%
When was the Americans with disabilities act signed and what was it
1990, forbade discrimination based on disability in employment, accommodation and transport.
What was the Clean Air Act
Reduce smog, curb acid rain and eliminate emissions of toxic chemicals
What was the DIA, was it successful?
Drug enforcement agency, employee drug testing & increased border controls- had little effect
When was Clinton president, what was his aim
1992-2001, reduce deficit and increase gov spending& investment in education and welfare
When did Clinton achieve a balanced budget for the first time since when
1998, since 1969
How had the value of the stock market changed in Clinton’s presidency
Tripled