43 The Reagan Revolution

These flashcards cover key concepts and significant events regarding Ronald Reagan's presidency and the cultural changes during his era.

Who was referred to as 'The Great Communicator' in U.S. history?

Ronald Reagan

What was the outcome of Reagan's economic policies known as?

The Reagan Revolution

What belief did Reagan emphasize regarding government involvement?

He believed in 'states rights' and that government was the problem, not the solution.

What did Ronald Reagan's economic vision include?

Curtailing union power, reducing federal regulation, and lowering taxes.

What significant tax reform was passed during Reagan's presidency?

The Tax Reform Act of 1986 that lowered the top income tax rate to 28%.

What was supply-side economics also known as?

Trickle-down economics.

What was a major criticism of Reagan's economic policy results?

While stock markets boomed, wages did not rise significantly for many Americans.

What was the fate of the air traffic controllers' union during Reagan's presidency?

Reagan fired over 11,000 controllers who went on strike.

What controversial arms deal did the Reagan administration become embroiled in?

The Iran-Contra Scandal.

What was Reagan's stance towards the Soviet Union in his first term?

He took a hard line, calling it an 'Evil Empire' and increasing military spending.

How did Reagan's foreign policy shift in his second term?

He became more conciliatory towards the Soviet Union and worked on reducing nuclear arms.