The end of the Golden Age

Question 1

What did President Richard Nixon do?

Answer 1

• 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.

Question 2

What caused the end of the Golden Age of Capitalism? (70-90’s)

Answer 2

• Nixon ended the Gold Standard (Nixon Shock)
• Disastrous end to the Vietnam War
• Nixon resignation
• Economic recession

Question 3

Define Reaganism (80’s)

Answer 3

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

Question 4

what are the long-term consequences of 9/11

Answer 4

• 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

Question 5

Explain the financial crisis of 2007 and the Great Recession

Answer 5

• 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

Question 6

What did Barack Obama do once elected?

Answer 6

• 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

Question 7

who supports power for the states?

Answer 7

Republicans, the conservative party

Question 8

Why is States Rights a conservative issues?

Answer 8

• Law about guns
• Law about abortion
  They want for states to be able to choose if it’s legal or illegal

Question 9

How democrats can use states rights for their cause?

Answer 9

• Gay marriage
• Sanctuary states
• Legalization of cannabis