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REAGAN’S PRESIDENCY

REAGAN’S PRESIDENCY. REAGAN, GHW BUSH, CLINTON, GEORGE W. BUSH, OBAMA. REAGAN’S PRESIDENCY. Highlights: 1981-1989 Iranian hostages released Reaganomics “supply-side” economics Assassination attempt Mar. 1981—John Hinckley, Jr. Air Traffic controllers strike

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REAGAN’S PRESIDENCY

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  1. REAGAN’S PRESIDENCY REAGAN, GHW BUSH, CLINTON, GEORGE W. BUSH, OBAMA

  2. REAGAN’S PRESIDENCY • Highlights: 1981-1989 • Iranian hostages released • Reaganomics “supply-side” economics • Assassination attempt Mar. 1981—John Hinckley, Jr. • Air Traffic controllers strike • Sandra Day O’Connor—appointed to Sup. Ct. • Reagan heightens “Cold War” –massive military spending, B-1, Star Wars initiative • Polish “Solidarity” movement—Lech Walesa • Breakdown of Geneva Conference • Falkland Islands War Eng-Argentina • Lebanon Crisis • Civil Wars in El Salvador and Nicaragua • Invasion of Grenada • 1986 GRAMM-RUDMAN-HOLLINGS ACT • Tax Cut • Iran-Contra Affair

  3. JAN 1986 SPACE SHUTTLE “CHALLENGER” EXPLODED SHORTLY AFTER LIFT-OFF. KILLED ALL 7 ON BOARD. • AIDS EPIDEMIC BEGINS IN US– 1987 • FOREIGN AFFAIRS 2ND TERM • SOVIET LEADER MIKHAIL GORBACHEV STARTS: • GLOSNOST • PERESTROIKA • US AND USSR ELIMINATES INTERMEDIATE MISSILES—GENEVA CONFERENCE 1985-1988-- ENDS COLD WAR • PHILLIPINE REVOLT • LIBYAN CRISIS • PAN AMERICAN FLIGHT 103 LOCKERBIE, SCOTLAND • PRESIDENTIAL ELECTION 1988 • REPUBLICAN GEORGE HW BUSH • DEMOCRAT MICHAEL DUKAKIS • ISSUES • OUTCOME

  4. CANDIDATES: • REPUBLICANS: GEORGE W. BUSH/DICK CHENEY • DEMOCRATS: AL GORE/JOE LIEBERMAN • ISSUES: • RESULTS: • RETURN TO CONSERVATIVE DOMESTIC POLITICS: • 2001 .COM BOOM ENDED. US ENTERED INTO A RECESSION. • REVENUE SURPLUSES DWINDLED. • “BUSH TAX CUTS” LOWERED TAXES FOR THE UPPER 20%. • DEFICIT SPENDING RETURNED. • GOVT. ENERGY POLICY BENEFITTED BIG OIL COMPANIES, OIL PRICES ROSE AND SO DID GASOLINE PRICES. EXXON TURNED A RECORD PROFIT. • “DRILL IN THE ANWAR”, AND YELLOWSTONE NATIONAL PARK. • EDUCATION: “NO CHILD LEFT BEHIND” PASSED. • FOREIGN AFFAIRS: • SEPTEMBER 11, 2001 TERRORIST ATTACKS ON THE WORLD TRADE CENTER AND THE PENTAGON. AL QAEDA LED BY OSAMA BIN LADEN TAKES CREDIT FOR ATTACKS. BUSH DECLARES WAR ON TERRORISM. • “BUSH DOCTRINE”—’IF YOU ARE NOT FOR US, YOU ARE AGAINST US’. • ECONOMIC CONDITIONS WORSENED.-STOCK MARKET DROPPED. • 2003 “IRAQI FREEDOM”—WEAPONS OF MASS DESTRUCTION. • 2007 BUSH’S APPROVAL RATINGS LOWEST OF ALL TIME -- 17%

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