Final Flashcards
President after Nixon
He was concerned with the economy since US was in the worst economic crisis
He wanted to curb the trend toward government intervention and spending to simulate economy
—– he got in trouble because he gave Nixon full pardon—-
Gerald Ford
Aspired to make government compitent and compassionate
Era of rising energy costs
James Carter
what were the 70s the era of
Era of Low Spirits
What was the lack of convidence in the government caused by?
Turbulent 60s
Watergate
Long gas lines
Talk about Reagan Dministration
He was simpler
Favored simpler times
Low taxes
Small government
strong military
conservative moral values
What party was Reagan
Republican
Who was Reagans VP
George W Bush
What was Reagan before his term?
An actor
What was Reagan considered a hero of?
The New Right
Coalition of conservative media commentations
The New Right
What did the New Right endorse
School prayer, deregulation, lower taxes, smaller government, strong military, teaching a Bible based account of human creation
What did the New Right Oppose?
Gun Control, abortion, homosexual rights, the Equal Right Amendment, affirmative action, nuclear disarmament
Why was Reagan a hero for the New Right
he gave the New Right an eloquent and presuasive voice, drew democrats/ americans to his side
how did the New Right grow?
Televangelism
A goal to politicize and unify fragment conservative/fundamentalist religious community: turn into political voting block: invite all “ morally conservative” tenets to join political ballets
What was the Moral Majority
Moral Majority Agenda
Reduce the federal bureaucracy, deregulate certain industries, cut taxes, increase defense budget, take ahard line with soviets, appoint conservative judges
The hardworking Americans who paid taxes, desired a restoration of “law and order”
Silent Majority
What was Reagan’s plan for tax and spending cuts
and what were it’s goals
Reaganomics
goals:
reduce taxes to stimulate growth
cut the federal budget
The theory that says breaks for buisnesses will increase goods and services, aiding the economy
-rich get richer-
Supply Side economics
The term for despersal of wealth to lower class: reagonomics was suppose to do this
Trickle down
In reality the rich got richer and wealth did not trickle down
Did Reaganomics work at the beginning?
no
Can Reagonomics work for a long period of time?
no
What were the effects of Reaganomics
Wealth did not trickle down
Recession: economic growth goes down less than 2 quarters. Federal deficit skyrocketed because military spending increases and taxes decrease,
After year and a half recession ends and economic boom sparks
What did Bush call Reaganomics?
Voodoo economics
What was Reagan’s opinion on Containment?
He rejected it and wanted it destroyed completely along with communism
What was Reagan’s stance on SDI
Promoted SDI
What is SDI
Strategic Defense Initiative: a ground and space based system to protect U.S. against incoming soviet missiles
What is SDI known as?
Star Wars