Unit 9 Vocabulary Flashcards
Deregulation
when the government reduces or eliminates industry restrictions to improve the ease of doing business and increase competition
- Affirmative Action
policy or a program that seeks to redress past discrimination through active measures to ensure equal opportunity, as in education and employment
Camp David Accords
peace treaty between Israel and Egypt issuing from talks at Camp David between Egyptian President Sadat, Israeli Prime Minister Begin, and the host, U.S. President Carter: signed in 1979.
The Economic Recovery Tax Act of 1981 (ERTA)
ERTA’ A law that lowered income tax rates and allowed for expensing of depreciable assets.also included several incentives for small business and incentives for saving; the defining economic legacy of Pres. Reagan
AIDS aka acquired immune deficiency syndrome
infectious disease of the immune system caused by HIV( human immunodeficiency virus ) ; AIDS is characterized by a decrease in the number of helper T cells, which causes a severe immunodeficiency that leaves the body susceptible to a variety of potentially fatal infections.
- Strategic Defense Initiative (SDI)
also known as Star Wars, was a program first initiated on March 23, 1983 under President Ronald Reagan. The intent of this program was to develop a sophisticated anti-ballistic missile system in order to prevent missile attacks from other countries, specifically the Soviet Union
Contras
Nicaraguan counterrevolutionary guerrilla force from 1979 to 1990; it opposed a left-wing government, with support from the United States.
Glasnost
(in the former Soviet Union) the policy or practice of more open consultative government and wider dissemination of information, initiated by leader Mikhail Gorbachev from 1985
Perestroika
restructuring of the Soviet economy and bureaucracy that was promoted by Mikhail Gorbachev in the 1980s, originally referred to increased automation and labor efficiency, but came to entail greater awareness of economic markets and the ending of central planning; often argued to be the cause of the dissolution of the Soviet Union, the revolutions of 1989 in Eastern Europe, and the end of the Cold War.
Operation Desert Storm
the codename for the US-led UN operation to liberate Kuwait from Iraq (1991); international armed forces, including British and US, attacked Iraq in the Gulf War. It began on 16 January 1991 and lasted 100 days.
Persian Gulf War
Persian Gulf War definition. A war between the forces of the United Nations, led by the United States, and those of Iraq that followed Iraqi dictator Saddam Hussein ‘s invasion of Kuwait in August 1990. The United Nations forces, called the Coalition, expelled Iraqi troops from Kuwait in March 1991.
Gramm-Rudman
Aka Gramm-Rudman-Hollings Deficit Reduction Act of 1985.
officially the Balanced Budget and Emergency Deficit Control Act of 1985
aimed to cut the United States federal budget deficit, which at the time, in dollar term, was the largest in history; mandated automatic cuts in federal discretionary spending if the government deficit rose above stated targets
NAFTA
Aka North American Free Trade Agreement
an agreement for free trade between the Us and Canada and Mexico; eliminated tariffs became effective in 1994 for ten years.
World Trade Organization
Aka WTO
The only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible.
- Contract with America
A republican document promising legislation to be enacted by the House of Representatives within the first 100 days, if the Republicans gained a majority in 1994 election; helped Republicans win a majority in Congress for the 1st time in 40 years