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Chapter 25: Search for Solutions (1976-1992). Section 2: A Conservative Shift (Part I). 1. . Many former liberals, blue-collar workers, ethnic voters and Southerners broke with the Democratic party to support Ronald Reagan (A Republican). . 2. .
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1. Many former liberals, blue-collar workers, ethnic voters and Southerners broke with the Democratic party to support Ronald Reagan (A Republican).
2. The 69 year old Reagan also attracted many older voters.
3. Reagan conservatives were against liberal social programs and government restrictions on business. They favored a strong military to stand against communism.
4. Reagan proposed a new economic program called “Reaganomics”.
5. Reagan predicted that income tax reductions would increase consumer spending and would also encourage investments, especially by the wealthy.
6. Supply side economics is the belief that the economy can best be stimulated by increasing the supply of goods rather than the demand.
7. Ending federal job training programs and cutting back the amount of federal money going into Medicare, food stamps, and education.
8. An assassination attempt on Reagan was made in 1981, he survived.
Assassination Attempt http://www.youtube.com/watch?v=UoZeZprXnDg
9. Reagan’s ability to communicate with audiences and sense of humor helped to promote his positions.
10. Reaganomics caused inflation to come down, but was painful.
11. In 1982 a severe economic recession occurred that put more than 11 million Americans jobless.
12. In 1983 the Federal Reserve Board lowered interest rates making it easier to borrow money.
13. By the end of Reagan’s second term in 1988 unemployment had dropped 5.5%, its lowest in 14 years.
14. The federal deficit is the difference between the amount of money the government takes in and what it spends. 1984 = $200 Billion
15. The Democrats chose Walter Mondale to run against Reagan in 1984.
16. Geraldine Ferraro was Mondale’s running mate.
17. On election day Reagan won the biggest electoral margin in history.
The Grand Finale http://www.youtube.com/watch?v=uuwNk0cq5Rg http://www.youtube.com/watch?v=RjfmY7K32NE&feature=related
1. Reagan appointed Sandra Day O’Connor to the Supreme Court in 1981.
2. By appointing conservative justices, Reagan was able to cut affirmative action programs.
3. Reagan announced SDI – Strategic Defense Initiative in 1983 to intercept nuclear ballistic missiles. http://www.youtube.com/watch?v=lgQelGF8G8E&NR=1
4. Reagan wanted to develop B-2 Stealth Bombers because radar cannot easily detect them.
5. In 1985 Congress passed the Gramm-Rudman Act, which put greater pressure on Congress and the President to reach agreement on reducing the budget.
6. On January 28, 1986 the space shuttle Challenger exploded.
7. Reagan’s desire for a strong defense was based on the idea that the Soviet Union or “evil empire” was a serious threat to the United States.
8. Mikhail Gorbachev became the Soviet premier in the 1980’s. http://www.youtube.com/watch?v=2yFC2wtllWU
9. First, Gorbachev introduced Glasnost, meaning “openness”. This policy gave people the right to speak freely – and Gorbachev hoped, in support of his reforms.
10. Perestroika was a restructuring of the Russian economy and government. Farm and factory owners had power to make decisions.
11. The nations businesses were privatized, or transferred from government to private ownership. To
12. To lessen the Communist party’s control Gorbachev held the first elections in 70 years giving people a real choice.
