Chapter 31 - Conservative Revival (1977-1990)

Jimmy Carter

While ________ had some notable achievements, such as the Camp David Accords, his administration suffered from legislative inexperience, a deepening economic recession, soaring inflation, and the Iranian hostage crisis.

Reagan

________ introduced a "supply- side "economic philosophy, commonly called Reaganomics, that championed tax cuts for the rich, reductions in government regulations, cuts to social welfare programs, and increased defense spending.

Ronald Reagans charm

________, coupled with disillusionment over Carters presidency, won Reagan the election in 1980.

Soviet Union

In the ________, Mikhail Gorbachevs steps to restructure the economy (perestroika) and promote more open policies (glasnost) led to further reform and the collapse of the Soviet Empire.

Jimmy Carter

While ________ had some notable achievements, such as the Camp David Accords, his administration suffered from legislative inexperience, a deepening economic recession, soaring inflation, and the Iranian hostage crisis.

Reaganomics

Reagan introduced a “supply-side” economic philosophy, commonly called ________, that championed tax cuts for the rich, reductions in government regulations, cuts to social welfare programs, and increased defense spending.

Iran-Contra Affair

But Reagan’s foreign-policy efforts were badly tarnished by the ________, in which members of his administration sold American-made armaments to Iran in exchange for Iranian influence to secure the release of American hostages held in Lebanon (despite the president’s public claims that he would never deal with terrorists).

Mikhail Gorbachev’s

In the Soviet Union, ________ steps to restructure the economy (perestroika) and promote more open policies (glasnost) led to further reform and the collapse of the Soviet Empire.