Modern Era Flashcards
Conservatism
political ideas that want tradition and no change
Reaganomics
President Ronald Reagan’s want of low taxes, reduced welfare spending, increased military spending
Détente
easing of tensions between the USA and the USSR
OPEC
(O)rganization of (P)etroleum (E)xporting (C)ountries - an oil cartel that the USA has to deal with
GATT
(G)eneral (A)greement of (T)rade and (T)ariffs - a group of nations that encourages free trade
Rust Belt
North and northeast America; loss of factory jobs
USA in the MiddlEast
1) USA recognizes Israel as a country; Jerusalem returned to control of Jewish people
CAMP DAVID PEACE ACCORDS
USA brokers (president Jimmy Carter) peace between Israel and Egypt, angers the Muslim world
Iran Hostage Crisis
US Embassy people taken hostage in Iran; held for 444 days; sinks the Carter Administration
US Marines in Lebanon
US Marines sent to Lebanon to maintain peace; terror attack kills 300 marines; Reagan withdraws the troops
Iran Contra Affair
USA sells weapons to arch enemy Iran to get American hostages freed; sends profits to Contras, an anti-communist
group in Nicaragua. All very illegal, but very few punished
OLIVER NORTH
Marine Colonel who orchestrated the Iran-Contra Affair
RUST BELT TO SUN BELT
1) Cause - loss of factory jobs in Northeast sends population to southwest
2) Effect - increase population in southwest results in transfer of political power from north to southwest
OPEC Oil Embargo
in mid 70s, OPEC stopped selling USA oil; caused gas rationing and long lines
Watergate
President Nixon caught spying on other party; he resigned before being fired; caused huge distrust of American politics
