Era 9 Review Flashcards
explain supply-side economics, aka Reaganomics
they argued that tax cuts reduced government spending & would increase investments and lead to an increase in jobs & prosperity
what is keynesian economics
it relied on government spending to boost consumer inc me and demand
how does deregulation help american industries
there were restrictions on savings and loan institutions & there would be takeovers by large institutions and environmental protection
reagan was mainly known for treating the social classes how?
favoring the rich and making the poor poorer
did Reagan begin an arms build up?
yes
what is anti-incubent mood?
it is a stagnant economy with huge budget deficits
what is the 27th amendment
it prevented congress from raising their own salaries
Deceived technological innovations in the 90s
- “e-commerce” became part of american life
Explain Bush’s No Child Left Behind Act
it aimed to improve student performance and close the gap between upper and lower class students. - funded for better schools, and reading programs
what economic difficulties did the country face in the 2000s
the stock marked crashed, poverty increased, and unemployment increased
What was the patriot act?
Unlimited wire taps, the collection of records about cell phone calls and emails & the imprisonment of suspects
Explain the “Bush Doctrine”
it was to stop the acquisition and use of weapons of mass destruction by terrorists and by nations that support terrorism.
what was the American Recovery and Reinvestment Act
it provided $787 billion
Immigration control and reform act
- required employers to file their employees immigration status
- stricter border control
- prevented employers from hiring illegal immigrants
NAFTA
- intended to bring more jobs to US by creating free trade between Canada and Mexico
- let to more pollution & lack of american jobs
