The end of the Golden Age Flashcards
What did President Richard Nixon do?
- support on the vietnam war
- illegal bombing
- but he was still popular and got reelected
- when investigation around the story happened, impeachment was claimed, he resigned.
What caused the end of the Golden Age of Capitalism? (70-90’s)
- Nixon ended the Gold Standard (Nixon Shock)
- Disastrous end to the Vietnam War
- Nixon resignation
- Economic recession
Define Reaganism (80’s)
Named after President Ronald Raegan.
> for states rights and a small federal government
> laissez-faire, individual responsability, anti-union
> pro-life & homophobic
> increase in military spending
> war on drugs
He influenced the Conservative party till today
what are the long-term consequences of 9/11
- Wars in Iran and Afghanistan
- America’s reputation suffered, inability to protect itself & unjustified military intervention after
- creation of new terrorist organisation
- confidence in the federal government declined
Explain the financial crisis of 2007 and the Great Recession
- after the Iraq situation, development of a domestic crises
- mortgage market started to collapse because of the CDS
- crisis in the banking spread to the stock market
Bush spent a lot of federal money to try to stabilize the financial sector of the economy
What did Barack Obama do once elected?
- Obama unlike other politician was against the Iraq war
- “Hope and Change”, Obama provided billions in federal stimulus to help the country get through the Great Recession
- The Affordable Care Act of 2010, “Obamacare”
- he increased the presidential power to bypass Congress
- increased the use of drones to attack and kill suspected terrorists
- harsh laws on immigration
who supports power for the states?
Republicans, the conservative party
Why is States Rights a conservative issues?
- Law about guns
- Law about abortion
They want for states to be able to choose if it’s legal or illegal
How democrats can use states rights for their cause?
- Gay marriage
- Sanctuary states
- Legalization of cannabis