12.2 The Reagan Era

supply-side economics (Reaganomics)

An economic philosophy that holds the sharply cutting taxes will increase the incentive people have to work, save, and invest. Greater investments will lead to more jobs, a more productive economy, and more tax revenues for the government.

Deregulation

The lifting of government restrictions on business, industry, and professional activities.

S&L Crisis

An economic collapse in the savings and loan & banking industries caused by risky loans in the 1980s

Sandra Day O'Connor

first female supreme court justice. appointed by Reagan

Gorge H.W Bush

was Reagan V.P ran and won the in 1988

ADA (Americans with Disabilities Act)

enacted in 1992 deals with commercial property only

Christa McAuliffe

This teacher was selected from over 10,000 applicants to be the first private citizen in space. She died during the launch of the Challenger on January 28, 1986, in a catastrophe that was broadcast live.

voucher

instrument authorizing a cash payment.

AIDS (acquired immune deficiency syndrome)

sexually transmitted infection caused by HIV, resulting in damage to the immune system