APUSH AMSCO Unit 9.4

explain the causes and effects of economic and technological change over time

Bill Clinton

Democratic nominee in the election of 1992; focused on economic issues (jobs, education, and healthcare)

Ross Perot

a strong third party candidate; Texas billionare

Anti-Crime Bill

provided $30 billion in funding for more police protection and crime prevention programs + banned the sale of most assault rifles (angered NRA)

Newt Gingrich

the Georgia Representative that later became the Speaker of the House; led the Republican Revolution

Republican Revolution/Revolution of ‘94

Republicans gained control of both houses of Congress

Contract with America

a well-organized effort to promote a short list of policy priorities

internet

fueled an increase in national productivity

globalization

promoted the development of global and regional economic organizations

North-American Free Trade Agreement (NAFTA)

passed and signed despite objections from union leadership; established a free trade zone with Mexico and Canada

World Trade Organization (WTO)

oversees trade agreements, enforces trade rules, and settles disputes

International Monetary Fund (IMF)/World Bank

made loans to and supervised the economic policies of poorer nations with debt troubles

Group of Eight (G8)

Canada, France, Germany, Italy, Japan, Russia, the UK, and the US remained the leading economic powers in 2000

top 1 percent

held 43 percent of the nation’s financial wealth