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The Reagan Revolution. 1981-1993. Rise of Neo-Conservatism. 1) Aging of Baby Boomers (Yuppies) 2) Religious Revival (Moral Majority) 3) Economic Conservatives 4) Foreign Policy Hawks. Election of 1980. Democratic Convention Pres. Jimmy Carter ( Ga ) UNPOPULAR Sen. Ted Kennedy (Ma)
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The Reagan Revolution 1981-1993
Rise of Neo-Conservatism • 1) Aging of Baby Boomers (Yuppies) • 2) Religious Revival (Moral Majority) • 3) Economic Conservatives • 4) Foreign Policy Hawks
Election of 1980 • Democratic Convention • Pres. Jimmy Carter (Ga) • UNPOPULAR • Sen. Ted Kennedy (Ma) • Chappaquiddick
Carter v. Reagan • Carter • Pessimism • Reagan • Build Military • Cut Taxes/Lower Inflation • States Rights • “Are you better off today, then you were four years ago?”
Reagan (R)- 489/ 51% • Carter (D)- 49/ 41%
Ronald Wilson Reagan (R) • 1911-2004 • Illinois/California • Eureka College • Movie Actor • US Army in WWII • GE • Gov. of California (1967-1975)
Iran Frees the Hostages • Jan. 20, 1981 • 444 Days
Reagan vs. Stagflation • 1) Cut the Budget • $35 Billion • Social Programs
2) Massive Tax Cuts • 30% Drop in Top Rate • Laffer Curve
Supply Side Economics/ “Reaganomics” • Cut taxes for wealthy • This gives them more money to invest • And buy fancy stuff • And hire people
Assassination Attempt • March 30, 1981 • John Hinckley Jr.
Reagan vs. the USSR • 1) Massive Military Spending • 600 Ship Navy • Star Wars/SDI
US can withstand massive arms race/ Russia’s economy can not.
2) Oil as a Weapon • Convince OPEC to produce more oil
3) Fight the advance of Communism • Afghanistan • El Salvador • Grenada
Election of 1984 • Dem. Primary • VP Walter Mondale (MN) • “Where’s the Beef?” • Raise Taxes • Jesse Jackson (IL) • “Hymietown”
Reagan- 525/ 59% • Mondale- 13/ 40%
Mikhail Gorbachev • Glasnost: Openness • Perestroika: Free Market • Thaw Cold War
Reagan and Gorbie • “Tear Down This Wall!” • IFN- Bans Intermediate Missiles
Immigration • Immigration Reform Act of 1986 • Amnesty • Tougher in Future
Iran Contra • Money for arms to Iran • Iran uses influence to free Lebanese hostages • Profit funneled to Nicaraguan Sandinistas
Conservatism in the Courts • Sandra Day O’Connor- 1st Female Justice • Affirmative Action: Lessened • Abortion • Webster v Reprod. Health Services (1989) • Planned Parenthood v Casey (1992) • States can restrict to an extent
Crack and AIDS • War on Drugs
Election of 1988 • Democratic Convention • Sen. Gary Hart (Co) • Sen. Joe Biden (De) • Plagiarist • Gov. Michael Dukakis (Ma)
Rep.- VP George H.W. Bush (Ma) • “Read my lips, no new taxes!”
Campaign • Snoopy Moment • Dukakis Against the Pledge of Alleg. • Willie Horton
George H. W. Bush (R) • 1924- • CT/TX • WWII • Yale • Oil Company • Congressman (1964-1970) • UN Ambassador (1971-1973) • Chairman of the RNC (1973-1974) • Ambassador to China (1974-1976) • CIA Director (1976-1977) • Vice President (1981-1989)
US Wins the Cold War • 1989 Eastern Europe Collapses • 1989 Berlin Wall Falls • 1991 Attempted Coup vs. Gorbachev
Bush and the Economy • End of the Cold War hurts US economy • Black Monday • Bush raises taxes!