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1980s and the Resurgence of Conservati m. 1970s economy. “It’s morning in America”. New Right and the Moral Majority. Leaders Billy Graham, Jerry Falwell , Pat Robertson. Reaganomics. Supply side economics Trickle down effect Cut $35 billion from US budget Tax Reform Act of 1986
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New Right and the Moral Majority • Leaders Billy Graham, Jerry Falwell, Pat Robertson
Reaganomics • Supply side economics • Trickle down effect • Cut $35 billion from US budget • Tax Reform Act of 1986 • Four pillars: reduce government spending, reduce income tax, reduce government regulation, control the money supply to reduce inflation
Effects • Reagan recession- blamed on Carter • Middle class stagnation • Very wealthy do VERY well • GDP increases • High deficit spending • Unemployment skyrocketed and then dropped • Graham, Rudmon and Hollings Bill- America has to balance the budget
Foreign Policy “peace with strength” • Soviet Union is “focus of evil in the modern world” • Strategic Defense Initiative- Star Wars Program • START I • Aid to ElSalvador • Covert aid to Nicaraguan rebels • Troops to Libya to defend the deaths of American soldiers • Heavy fire invasion of Grenada to stop a coup • Iran Contra Scandal
Glasnost • Mr. Gorbachev, tear down this wall!
Conservative Supreme Court • Webster v Reproductive Health Service- limited Roe v Wade • Planned Parenthood v Casey-states can restrict access to abortion as long as there is no “undue burden” on woman
Election of 1988 • “kinder, gentler America” • Railed against Reganomics as “voodoo” economics
“Read my lips, no new taxes” • 1990 tax and budget package raises taxes $133 billion
“don’t ask, don’t tell” • “Brady Bill” – gun control bill • Branch Davidians • NAFTA- North American Free Trade Agreement • Million Mom March- Columbine • Impeachment and Monica Lewinsky “it depends on what the meaning of “is” is”