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Reaganomics
An economic policy that includes tax cuts and reduced government spending aimed at increasing investment by the private sector.
Economic Recovery Act of 1981
Legislation that decreased personal income taxes by 25% over three years, cut corporate income taxes, and increased investment limits in retirement funds.
Iran-Contra Affair (1986)
A political scandal where the US sold military equipment to Iran to fund Contra rebels in Nicaragua, aiming to combat communism.
George H.W. Bush's promise regarding taxes
Pledged 'Read my lips – no new taxes' during his administration.
Tiananmen Square (1989)
A pro-democracy protest in China that resulted in the government killing hundreds of protesters.
Breakup of the Soviet Union (1991)
The disbanding of the Communist party in Russia, leading to attempts for democracy and a free-market economy.
North American Free Trade Agreement (NAFTA)
An agreement signed by Clinton creating a free trade zone among the United States, Canada, and Mexico.
Impeachment of Bill Clinton (1998)
House of Representatives voted to impeach Clinton for perjury and obstruction of justice related to the Monica Lewinsky affair.
Bush v. Gore
A Supreme Court case that decided the 2000 presidential election in favor of George W. Bush.
No Child Left Behind Act
Legislation aimed at improving student performance and bridging the gap between lower and upper-class students.
War on Terrorism
A campaign initiated after 9/11 aimed at combating terrorism and associated groups like Al-Qaeda.
9/11 attacks
Terrorist attacks on September 11, 2001, where hijacked planes struck the Twin Towers in NYC and the Pentagon.
Operation Iraqi Freedom
The military invasion of Iraq by the US, motivated by concerns over weapons of mass destruction (WMDs) held by Saddam Hussein.