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50 Cards in this Set
- Front
- Back
Trade Deficit
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difference between what a country imports and exports
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Global Economy
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system of worldwide trade
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Working Poor
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people who work and still live below the poverty line
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What percentage of Reagan supporters voted for George Bust in the 1988 election?
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85%
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What "domestic goals" was Bush able to focus on now that the Cold War had faded?
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revitalizing the cities, restoring respect for public schools, and building a domestic economy that could compete internationally
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Why did the US become involved in the Persian Gulf War?
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Sadam threatened half of all the world's oil supply
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Why was the Persian Gulf War a turning point for the UN?
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more involved through troops
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In the late 1980s, which main competitors gained an advantage over the US in global trade (exports)?
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European Union and East Asian Countries
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What was the purpose of the NAFTA agreement signed in 1992?
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end most cross-border tariffs and quotas on goods and services and gave them more leverage in negotiating with the European Union and East Asian Powers
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What 3 countries make up NAFTA?
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United States, Canada, Mexico
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What were the 2 main concers regarding NAFTA?
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pollution controls, that manufaturing jobs would move to lower wage plants in Mexico and hurt American and Canadian workers
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What were the 3 main problems with the economy in the early 90s?
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exonomic growth halted, unemployment was rising, after-tax income for most workers was falling
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How did cuts in defense spending/military industries affect many Americans?
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many lost their jobs
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Descirbe 2 effects of the trade deficit in the early 1990s.
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it weakened the nation's economy and hurt the ability of American companies to compete with foreign companies.
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How did the US attempt to deal with it's debt in the early 1990s?
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they sold billions of dollars of bonds each month, it hurt them.
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How many children lived in poverty in 1989?
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1 out of every 5
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Which countries were allies with Iraq?
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Jordan and Lebanon
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Which countries were allies with the UN and US?
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Egypt, Saudi Arabia, Qatar, and Syria
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Deficit
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difference between what the government takes in and what it spends
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National Debt
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national deficit plus intrest
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Keynsian Economics
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economy will be stimulated by government spending
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Supply-Side Economics
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theory that if you reduce taxes it will stimulate economic growth
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Mandate
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and order from the voters
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Deregulate
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giving companies more leeway to operate freely
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Mutual Deterrence
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neither would start a nuclear war as long as missiles targeted both countries
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What was more important than any single issue in Ronald Reagan's campain for President in 1980?
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the sentimental feeling he evoked
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What was the prevalent mood of the United States during the 1980 presidential campaign?
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conservative
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In the 1980 presidential election, Ronald Reagan did well among blue-collar workers, white ethnic groups, and the elderly groups that...
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had traditionally voted Democratic
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How did President Reagan plan to balance the budget even though he had lowered taxes?
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cut spending on domestic programs
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What was the main failur of Reaganomics?
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greatly increasing the federal deficit
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FCC
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allowed restricted growth in cable TV
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Reaganomics
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promoted reducing taxes
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EPA
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eased safty checks on chemicals and pesticides
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With SDI, what did President Reagan hope to do?
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provide a first line of defense for the United States from nuclear attack
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Why did President Reagan make Central America a priority in his war against communism?
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because he felt that the national security of all the Americans was at stake in Central America
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How were the profits from arms sales to Iran used?
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they were funneled to the Nicaraguan contras to help finance their war against the Sandinistas
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What did the report of the congressional committees that heard testimony regarding the Iran-contra affair do?
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took a dim view of Reagan's hands-off management style
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At the second meeting of Reagan and Gorbachev in October 1986 in Iceland, what was the agenda?
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arms-control issues
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Oliver North
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ran secret Iran-contra operatoin
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Mikhail Gorbachev
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instigated reform policies in his country
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Who supported Reagan?
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Southern States, West, Southwest, Northeast, Great Lakes
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What did the American public want from Reagan (Mandate)? What did Reagan promise?
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to get the government off people's backs
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How did Reagan justify Deregulation? Name ONE effect of Deregulation
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he put the economy first, more pollution
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Who was Sandra Day O'Connor?
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the first woman Supreme Court Justice
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How did Reagan describe the Soviet Union when he came into office?
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evil
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Give 2 examples that show why the Soviet Union was viewed as a threat in the 1980s.
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installed government in Poland, invaded Afganistan
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What 2 MAJOR changes happened in Eastern Europe in 1989?
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Soviet block breaks up, East Germany becomes part of West Germany
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Which countries backed communist guerilla fighters?
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Soviet Union, Iran, Cuba
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What was the Iran-Contra scandal?
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sell money to Iran in order to get money to give to the contras in Iran
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What was Reagan's role in the fiasco?
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didn't come out looking good, never pinned to a role
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