test # 5 Flashcards
Reagan Revolution
America must be strong and free
Supply-side economics (Reaganomics)
reagans prescription for America’s inflation it lowered it by enchanting productivity and increasing the supply of goods (satisfying demand for goods)
Economic Recovery Tax Act of 1981
Cut the income tax by 25% over 2 1/2 years
Gramm-Rudman Act
Imposed automatic deficit reduction through across the board spending cuts if Congress wouldn’t curb the budget on its own
Challenger Disaster
space shuttle disaster
Reagan Doctrine
Reagan’s foreign-policy in keeping with Americas tough stance towards the Soviets. Pledge to America support two groups battling communist governments in the third world
Contras
Central intelligence agency groups of anti-Sandinista guerrillas
Grenada
Island turn into a fueling station for Cuban troops (supply base)
Mujahideen
Fighted the Soviets and communism
Walter Mondale
Former vice president under Jimmy Carter outlasted all others in a democratic fields with the nomination controlled by liberal groups
Geraldine Ferraro
New York congresswoman running against Mandel
Mikhail Gorbachev
Leader of the Soviet Union and took the reins presenting a new polish style in contrast to what it had always been
Perestroika
Reconstructing of the stagnant communist economy shifting two more free market policies and private ownership
Glasnost
Openness and Soviet society in order to allow greater self expression to motivate the masses to move from passive to more of an economic role
START
Strategic arms reduction talks this cut the size of long range nuclear arsenals in half
Intermediate Nuclear Forces Treaty (INF)
Eliminated most medium range missiles from Europe
Strategic Defense Initiative (SDI)
A space-based defense shield of satellites missiles and lasers also called Star Wars would be in space
Iran-Contra affair
What happened to the money that was funneled through Swiss banks was used to supply the Nicaraguan contras trying battling the communists Sandinistas
Jack Kemp
Republican nominee claimed the right to Reagan’s a mantle
Michael Dukakis
Democratic nominee who was the governor of Massachusetts
Dan Quayle
George WH bush is Vice President