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Late ‘70s Racial Issues Milliken v. Bradley
School busing issueBakke v. University of
CaliforniaReverse discrimination vs. affirmative action
1980 ElectionBy 1980, many
Americans frustrated with Carter’s mismanagement:InflationHigh interest ratesHostages in Iran
DemocratsABC Movement: “Anyone But Carter”
Ted Kennedy rises to challenge Carter
Chappaquidick affair killed his candidacy
Ronald ReaganFormer governor, B-
movie actor, & Screen Actor’s Guild President
Darling of “right wing” & neo-conservatives (“new right”)
Anti- Counterculture, New Deal & Great Society
Became the champion of the “forgotten man”
Spoke out against the evils of federal intervention in local affairs
Reagan wins with 51% of popular vote but 489 to 49 in electoral votes
Republicans gain control of Senate for 1st time in 25 years
Inauguration sweetened by release of hostages
Reagan RevolutionCabinet composed on the
“Best & the Rightest”“Government is the
problem”Promoted smaller gov’tLess “tax & spend”Welcomed by Americans
Proposition 13 spurred a tax revolt
Reagan worked with Senate & “boll weevils” to cut $35 billion in federal social programs
Reagan ShotMarch 30, 1981: John
Hinckley shot Reagan12 days later, 69 year old
Reagan walked out of hospital & received huge public sympathy
Hinckley found not guilty by reason of insanity
Reaganomics “Supply-side economics”Reagan cut taxes on the
“trickle down” idea that if people had more $$$$, they would invest instead of spend on consumer goods
Reagan BudgetGets Congress to agree
to $695 billion budget that increased defense spending, made cuts in domestic programs, & created a $38 billion deficit
Reagan Recession (1982)Unemployment hits 11%Businesses & banks
foldedAuto industry hit hardestDemocrats charge
Reagan cuts hurt poorest Americans hardest
“Tight money” policy under Carter really the cause
1983: Economy turns around & “Reaganomics” vindicated
1980s saw 1st increases in gaps between rich & poor
YUPPIESYoung Urban
ProfessionalsSymbolic of increasing
wealth of upper classes & pursuit of wealth of 1980s culture
Rolex watches & BMWs
Defense SpendingMany argue that the real
growth in GNP of the 1980s resulted by the nearly $2 trillion of defense spending
Caused budget deficits of nearly $200 billion a year in the 1980s
Rising Interest RatesGovernment borrowing
kept interest rates highElevated the value of the
US dollarHelped some but hurt
American exportersTrade deficit reached
record high in 1987
S & L Bailout1982: Reagan pushes
deregulation of savings & loan industry
Allowed riskier loansLoans not repaid leaving
heavy debts1989: Gov’t forced to bail
them out ($500 billion)
“The Evil Empire”Reagan condemned
USSR as “the focus of evil in the modern world”
Believed in negotiating from a position of strength
Embarked on a new arms race with Soviets to expand the US military capabilities
Soviets would be forced to compete
Our economy could do this, theirs could not
Star WarsSDI: Strategic Defense
InitiativeSpace-based missile shield & laser defense system
Viability of program limited funds, but an effective diplomatic tool
Poland 1982: SolidarityRising labor movementPut down by Soviets &
Polish CommunistsReagan imposes
sanctions on USSR & Poland
KAL Flight 007September 1983: Soviets
blow up Korean airliner killing 269 civilians
By end of 1983, all arms control negotiations broken off
1984: Soviets boycott LA Olympics
Middle East TroublesLebanon
1982: Invaded by Israel1983: Reagan sent Marines
October 23, 1983: Suicide bomber crashed truck into Marine barracks killing 241
Reagan withdraws & suffers no political damage
Labeled the “Teflon President”
Libya1986: Reagan orders bombing of Qaddafi HQ
Iran-Iraq War
Latin AmericaNicaragua
Leftist Sandinistas controlled country
Reagan begins support of “contra” rebels against Sandinistas
Grenada1983: Military coup brought Marxist regime to power
Reagan sends 6000 troops to overrun tiny island
End of the Cold WarMikhail Gorbachev
1985: Began instituting radical reforms
Glasnost: “openness” allowed freedom of speech & ended secretiveness of Soviet bureacracy
Perestroika: “restructuring” reorganized the Soviet economy to allow free market practices
Required a shrinking of Soviet defense budget
1985-87: INF TreatySoviets cease deploying Intermediate Range Nuclear Forces in Europe
Iron Curtain FallsPolitical & economic cost
of maintaining Soviet sphere of influence too great
1989:August: Solidarity prevails in Poland
October: Hungary
November: Berlin Wall fallsNovember: BulgariaDecember: Romania & Czechoslovakia
President Bush & Gorbachev reduce ICBMs
Dec 1991: Soviet Union falls ending Cold War
1984 ElectionDemocrats nominate
Walter Mondale & Geraldine Ferraro
Republicans renominate Reagan & Bush
Reagan wins 525 to 13 with 60% of popular vote
Iran-Contra Scandal1985: National security &
intelligence operatives begin selling arms to Iran to pressure release of hostages
Money diverted to aid Nicaraguan “Contras” despite Congress’s refusal
Senate investigation televised condemning Reagan’s actions
Oliver North, Admiral John Poindexter, & Defense Secretary Caspar Weinberger all indicted & convicted
Reagan’s LegacyDespite scandal,
remained popularEconomically, left US a
debtor nation & made government social spending practically & politically impossible