Transcript 80s & 90s Reaganomics • “Trickle Down” • Tax Cuts = more citizen spending • Reducing business regulation = growth • Conservative Economics.

80s & 90s
Reaganomics
• “Trickle Down”
• Tax Cuts = more citizen
spending
• Reducing business
regulation = growth
• Conservative Economics
Reagan
• Supported by Religious
Conservatives in “the
moral majority”
• Also supported by
traditionalist “heritage
Foundation”
• Appt. 1st female to
Supreme Court /Sandra
Day O’connor
Reagan Foreign
• Iran-Contra Affair –
Gave Iran weapons for
hostages
• Star Wars and Defense
Spending one reason
for the fall of the Berlin
Wall and the end of the
Soviet Union
George HW Bush
• Sent Troops to the
Persian Gulf to protect
oil
• Medical Leave Act gave
vacation rights to
parents of newborns
• Americans with
Disabilities act barred
discrimination against
disabled
Clinton
• Clinton (D) but a
majority of (R) in
congress
• Promised much reform
for bad economy
• Hillary highly esteemed
as 1st lady. Later
Secretary of State for
Obama
Clinton Foreign Policy
• Est. NAFTA with Mexico
and Canada
• GATT replaced by the
World Trade
Organization WTO
which increased
globalization
Clinton
• Trade made goods
cheaper and the global
economy improved but
also sent many jobs out
of the US
• US economy recovers as
the internet expands