Stagflation
High inflation combined with high unemployment; problem in the 70s
Deregulation
Removal of regulations; happened in the 70s and 80s
Reaganomics
Cut government spending, income taxes regulations, and the expansion of the money supply; increased defense spending
Iran Contra Affair (1985)
Senior administration secretly facilitated the illegal sale of arms to Iran and then used that money to fund the Contras
Economic Recovery Act (1981)
Cut income taxes, corporate taxes, and inheritance tax
Americans with Disabilities Act (1990)
Prohibited discrimination against citizens with physical and mental disabilities in hiring, transportation, and public accommodation
Glasnost
Increased political freedom in the USSR
Perestroika
Introduced some limited free-market practices
INF Agreement (1987)
Agreement between the US and USSR to destroy all intermediate range missiles
Reagan Doctrine (1985)
The US would support any regime that was anti Communist
Start I Treaty
Greatly decreased nuclear warheads
Start II Treaty
Offered funds to Russia to stabilize their economy
General Agreement of Trade and Tariffs (1947)
World wide treaty to increase international trade by eliminating tariffs
Immigration and Nationality Act (1953)
Increased immigration by getting rid of the racially based quota system
Immigration Reform and Control Act (1986)
Prohibited employers from knowingly hiring any alien unauthorized to work
Patriot Act (2001)
Increased governmental surveillance; reading emails and phones calls
Iraq War (2003-2011)
In response to 9/11 the US attempted to overthrow the Iraqi government
Department of Homeland Security
Created to protect America’s borders and manage the flow of people there
No Child Left Behind (2005)
Sought to improve student performance and close the income gap based performance
Iran Hostage Crisis (1980)
Standoff between Iran and the US where American citizens were held hostage in the American embassy
Energy Crisis
Oil prices greatly spiked in the 70s
Digital Revolution
Move to a digital based economy
Gorbachev
Leader of the USSR during its end