Chapter 23: Conservative Resurgence
Reaganomics
"Supply side economics" or "Trickle-down economics" ?
Reagan Revolution Recession
1980-1981
The end of the Cold War: 1983
240 Marines killed by terrorists in Lebanon
Economic Recovery Act
25% tax cuts
Persian Gulf War
Airstrikes begin Operation Desert Storm
Mikhail Gorbachev
Becomes a more moderate Soviet leader -Glasnot & Perestrokia moves the Soviets`
Soviet independence
Boris Yeltsin becomes newly elected leader of Russia Iran-Contra affair tarnished Reagan's reputatioin-but he remained popular
Foreign Policy after the Cold War
Bush leads the world's only remaining Superpower
1989
Bush sends 12,000 troops to Panama to depose Manuel Noriega
Bush's role as an international peacekeeper
Chose his battles carefully
Iraq withdraws from Kuwait
Coalition agrees to not pursue Hussein Hussein rebuilds his military and begins supporting terrorist efforts
1987-1989
Comminism crumbles as a result of uprisings in Eastern Europe
Bush called for...
Community volunteerism
Republicans
Conservatives tend to believe government's role should be very limited
Federal Spending during the Reagan Revolution
Cut federal spending by $40 billion
Major US Political Parties
Democrats and Republicans
1980 Presidential Election
Democrats- Jimmy Carter Republicans- Ronald Reagan Reagan wins the only televised debate Reagan wins in a historic landslide
Reaganomics Actions
Economic Recovery Act, Cut Federal Spending, Deregulation, Recession
The end of the cold war
Economic pressure, republicans/"star wars", Reagan's criticism of the Soviets, Mikhail Gorbachev, Soviet Republics declare independance
Perestroika
Economic reforms
Liberals
Government regulation reins in free market excesss and abuse A social saftey net must be in place to promote general welfare
Recession ending
Increase in defense spending, Budget deficits, 1988-89 Savings and Loans crisis, Economic Strength Challenging Issues
Mar 1991
Iraq agrees to ceasefire and withdraws from Kuwait
Diplomacy fails
Jan 1991 Persian Gulf War
Democrats
Liberals tend to believe government should help to solve societal problems
Budget deficits
National debt rise
Economic pressure after the cold war
On communist governments due to immense defense spending
Glasnot
Openness towards the West
The Reagan Revolution
Reaganomics
1983
Recession ended
Conservative Proposals
Reduce taxes Promote family values- The Moral Majority & Jerry Falwell Demographic trends favor Republicans- white Southerners and Westerners
Deregulation during the Reagan Revolution
Reduced major industries
Republicans/"Star Wars"
Republicans maintain Reagan's SDI/ "Star Wars" proposal forced concessions
Late 1990
Saddam Hussein invades Kuwait for oil reserves
Bush supported...
School vouchers- and school choice
AIDS
Slow response from conservatives Bush increase money for research
Challenging issues confront Bush
Social security & continued deficits
1991
Soviet Republicans declare independence, ending the cold war
Reagan's criticism
Soviets as the "Evil Empire" and calling for Gorbachev to "tear down this wall"
Bush's role
Stayed out of Yugoslavian civil war
Increase in defense spending
Strategic defense initiative
May, 1989
The Berlin Wall is torn down... symbolized the end of communism
1988-89: Savings and Loan crisis
Thousands of banks failed-$200 billion taxpayer funded bail-out Critics blamed deregulation and Reagan
Republicans View On Liberalism
Threatened the American dream Created a culture of entitlement Government had become bloated, inefficient, and intrusive
May 1989: China
Tiananmen Square protests crushed by the chinese
Economic strength made Reagan very popular
Won re-election in 1984 Sandra Day O'connor Reagan's VP George HW Bush
Reagan's VP George HW Bush
Won the 1988 election "No new taxes"
South Africa
economic sanctions and diplomatic efforts lead to the end of Apartheid and the election of Nelson Mandela as President in 1994
Sandra Day O;connor
first feman SC justice
1992
sent Marines to Somalia to neutralize warlords, feed the Somalian people
