period 9

Trickle down economics

Reagan believed reducing corporate taxes would lead to great profits and wealth will trickle down to poor

Prime the pump

Roosevelt believed it would stimulate economics through govt spending usually during downturn

New federalism plan

Shift power from national govt to states, states responsible for welfare projects, failed

Supply side economics

Texas cuts, deregulation in industries, reduced govt spending

Persian gulf war

Saddam Hussein invaded Kuwait, bush assembles international coalition foreign policy focus on political stability and human rights