Unit 9 Flashcards
What was the crowning achievement of Conservatism?
The election of Ronald Reagan
Why was Jimmy Carter’s presidency disliked?
It was makred by stagflation, the Iran hostage crisis, and the oil crisis
What did Reagan’s campaign stand for?
-Cold War conservatism
-Economically pro-business
-Moral and religious conservatism
What was Reagan’s economic philosophy of supply-side economics?
Believed that economic prosperity could be achieved through tax cuts and decreased federal spending
What was the Economic Recovery Act (1981)?
Cut income taxes by 25% over the next three years
What was deregulation?
In which Reagan issued a lot of policies that favored business over environment
Why was Reagan’s presidency important?
It was a fundamental rejection of the liberalism that dominated the 60s and 70s
When did Gorbachev become the leader of the Soviet Union?
1985
What were Gorbachev’s reforms?
-Glasnost, bring more political freedom to Soviet citizens
-Perestroika, bringing in some free-market aspects to the Soviet economy
What is the Reagan Doctrine?
The US would support any regime that was anticommunist
What did the Reagan Doctrine mandate?
US involvement in Nicaragua and the Iran Contra Affair
How did Reagan seek to end the Cold War via the buildup of nuclear and conventional weapons?
-B1 bomber
-MX missile
-Expansion of US navy
-Strategic Defense Initiative (Satallites that could shoot lasers)
When did the Soviet Union fall?
1991
What was the Start 1 Treaty?
The US and Russia agreed to reduce ther number of nuclear warheads they possessed
What started the Digital Revolution?
-Development of the computer
-Development of microprocessors
-Apple created a computer for use in the home
-IBM followed suit with the creation of the PC
-Creation of the internet