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Dive into the significant impact of the Reagan, Bush, and Clinton administrations on the US economy and foreign policy. Explore Reaganomics, the Persian Gulf War, NAFTA, and the Clinton presidency's successes and controversies. Uncover the key events and policies that shaped America during this period.
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Wednesday, May 11 Today's Agenda Do Now – Groups Notes Make up work stations DO NOW • Sit in a station. (No more than 4per station) • Grab a note paper and begin filling out notes Today's Objective SWBAT explain the effect that the Reagan, Bush, and Nixon administration had on the US
Reaganomics • Reagan’s plan for tax and spending cuts • Two goals • Reduce taxes to stimulate economic growth • Cut the federal budget • Based on supply-side economics • Raising tariffs to increase the number of imports • Growth in the economy would occur when corporate business taxes were reduced • Used to justify tax cuts for business • Successful in lowering taxes on personal and business income
From Wrong To Right: A U.S. Apology For Japanese Internment In 1988, Congress voted to pay $20,000 to each of the surviving Americans of Japanese descent who were interned during World War II. They did this because many Americans believed the internment was unjust and unnecessary
President George H.W. Bush In 1988 Reagan’s vice president, George H.W. Bush, won election to a term that saw dramatic changes in the world. • Wealthy, World War II pilot, congressman from Texas, U.S. ambassador to the United Nations, head of the C.I.A., and vice president • Republican nomination for president in 1988
The Persian Gulf War • Iraq’s Saddam Hussein invaded Kuwait in 1990. • The attack shocked the United States—who depended on the region’s oil—and other Arab nations. • Reports of atrocities by Iraqi troops surfaced. • The UN imposed sanctions but the deadline passed. • ON January 16, 1991, the U.S.-led force attacked. • Operation Desert Storm was a successful, conventional war. The Camp David Accords that freed the hostages in Iran (Carter) and the Persian Gulf War both shows a desire of the United States to create stability in the Middle East
D.) Bush and the Economy Recession that began in late 1990 forced Bush to raise taxes. Unemployment & poverty rose significantly Despite his foreign-policy successes, economic troubles at home proved to be Bush’s political downfall.
George H.W.Bush Criticisms George H.W. Bush Criticisms This 1991 cartoon is criticizing President George Bush for using foreign affairs to hide domestic failures
NAFTA • On January 1, 1994 the North American Free Trade Agreement took effect. • Under the NAFTA, Many tariffs were eliminated between the U.S., Canada, and Mexico • NAFTA was meant to stimulate the economy by encouraging increased free trade
NAFTA • NAFTA was also expected to reduce migration from Mexico into the United States because: NAFTA was expected to raise wages in Mexico, reducing the incentive for migration.
Opponents of US immigration • Immigrants reduce wages of American unskilled workers • Immigrants use social services that could be reserved for non-immigrants • Immigrants should be restricted to those with high skill and high wealth
More Scandal in the Whitehouse • During the grand jury investigation, Bill Clinton lied under oath regarding his personal relationship with Whitehouse intern Monica Lewinsky • Clinton continued to deny the relationship until evidence of the relationship was brought to light. • Many demanded that the President be punished for committing perjury.
Impeachment • On December 18, 1998, the U.S. Congress voted to impeach the President. • The United States Senate did not vote to impeach the President and he remained in office.
Successes of the Clinton Presidency • The Family Medical Leave Act (FMLA) was passed by the Clinton administration • Interest rates were drastically reduced on loans, allowing for more people to affordably borrow money for the purchase of homes and cars. • Welfare programs were reformed so welfare recipients would not receive assistance for more than two years and required people to work to receive benefits.
Successes of the Clinton Presidency • By raising income taxes and taxes on fuel, Clinton was able to overcome the national debt and create a budget surplus
Short Comings of the Clinton Presidency • International problems interfered with domestic policy goals
Modern Issues • A primary reason for the increase in federal debt between 1980 and 1996 was high levels of spending by the federal government • The growth of modern technology has resulted in a decrease in the population of the world