Chapter 28 Flashcards
Reagan revolution-
Major changes in American politics under the leadership of Ronald Reagon, including cuts in taxes and domestic spending and increased military spending
Programs dated from the new deal changed
People became more conservative
Supply-side economics-
An economic theory that to stimulate the economy the best intervention is a tax cut that would stimulate the “supply side”
Then might lead to the creation of new jobs
Developed in the 1970s by Jude Wanniski
Saying increased taxes causes people to want to work less because they don’t want to have taxable wages
Professional Air Traffic Controllers Organization
PATCO
Went on strike
Reagan then fired all of them 11,000
Different view of unions
Other strikes also defeated
Morning Again in America-
The campaign slogan of Ronald Reagon’s reelection effort in 1984
Reagans 3 key prorities?
increase military spending, cut domestic spending and social programs, and
cut the federal income tax. During the Reagan administration, all three goals were
met, and both political parties, the Republicans and the Democrats, became more
conservative.
How did his administration deal with the economy?
they sought to foster private investment and
create new jobs by cutting taxes. Relying on what they called supply-side economics,
Reagan drastically reduced both taxes and domestic expenditures.
During his first term,
unem-ployment, inflation, and the national debt all rose steadily. But, by 1983, the economy, in the eyes of most Americans, was improving. Although the stock market was strong throughout much of Reagan’s presidency, the bottom fell out in 1987
How did Reagan deal with Communism?
ocused on destabilizing existing Communist governments and acted to prevent the
spread of communism, especially in Latin America. As a result, the United States
intervened in both overt and covert ways in many countries in the Middle East and
Latin America.
Iran Contra Scandal
Since 1980, Iran and Iraq were in a war. Reagan came up with a plan to selling US tanks and anti-aircraft missles to Irans government so the would free the Americans held hostage by ARab group. He then denied he knew about this . This violated the Boland Aendment and congressional funds. Reagan became unpopula in the polld
Strategic Defense Initiative (SDI), or Star Wars,
the intention of destroying
any Soviet missiles in space before they could strike the United States.
Reagan and Gorbachev
had essentially
brought the 40-year-long Cold War to an end. Negotiations between the two
leaders resulted in important reductions in intermediate range
nuclear missiles and to the normalization of relations between
the United States and the Soviet Union.
Christian Coalition
Organization made up of evangelical Christians who oppose abortion, gay rights, and feminism and support school prayer and the teaching of creationism. Rose to power with Reagan’s election and won electoral victories throughout the 1980s. Pat Robertson’s
AIDS epidemic,
which some tried to ignore but which was, indeed, one of the
great public health crises in history. Under
Reagan, the federal government did very little to limit the
spread of the disease or to seek treatment options.
What helped Reagan win the 1984 election?
Reagan was able to implement much of his tax and spend-ing program, but instead of increasing government revenue it
led to ballooning def cits. An improving economy, a surge in
popular patriotism, and Reagan’s skill as a campaigner
some Americans were
beginning to have second thoughts about the
benefits of tax
cuts and deregulation. T e immense fortunes accumulated by
a small number of individuals inspired both admiration and
concern as income inequality increased in the United States.
Deregulation contributed to insider trading and the collapse of
the savings and loan industry. T e cost of such financial malfea-sance was born by taxpayers. While many Americans blamed
the country’s financial inequities on the president or Wall Street,
others noted that globalization had undermined the ability of
the United States to exert real control over its own economy
