Carter, Reagan, and the End of the Cold War
Carter and Human Rights
- During the Cold War, the U.S. supported right-wing regimes to stop communism.
- Many of these regimes used force, torture, and terror.
- President Jimmy Carter emphasized human rights in foreign policy, believing it should reflect American moral beliefs.
- In 1977, Congress required reports on human rights conditions in countries receiving U.S. aid.
Iran: A Case Study
- Iran was a key U.S. ally in the Middle East since WWII.
- 1953: The CIA helped secure the Shah's power, Mohammad Reza Pahlavi.
- The Shah allowed U.S. electronic listening posts in Northern Iran along the Soviet border.
- During the 1973-1974 Arab oil embargo, Iran continued to sell oil to the U.S.
- Iran bought arms from the U.S., which helped the American balance of payments.
- Carter initially overlooked the Shah's human rights violations.
- Carter visited Iran in 1977, calling it "an island of stability"
- He praised the Shah, this view was not shared by many impoverished Iranians.
- Masses of Iranians, led by Islamic clergy, opposed the Shah’s Westernization policies.
- 1978: Revolutionary surges grew, leading the Shah to alternate between suppression and liberalization.
- Carter vacillated on whether to firmly support the Shah or prepare for a new Iranian government.
Iranian Revolution and Hostage Crisis
- January 1979: The Shah fled to Egypt.
- Ayatollah Ruholla Khomeini returned, calling the U.S. the "Great Satan."
- Relations worsened, especially after Carter allowed the Shah into the U.S. for lymphoma treatment.
- November 4, 1979: Iranian supporters of Khomeini invaded the U.S. Embassy in Tehran, capturing 66 Americans.
- 13 hostages were released weeks later, but the rest were held for 444 days.
- Carter was seen as helpless because Iran was unstable and its demands (Shah's return and U.S. guilt admission) were unacceptable.
- Carter devoted significant attention to the hostage crisis.
- December 1979: The Soviet Union invaded Afghanistan.
- The Carter administration embargoed grain and high-tech exports to the Soviet Union and boycotted the 1980 Moscow Olympics.
- Advisers suggested using force, but an attempted rescue mission failed.
- Negotiations led to the hostages' release, but only after Ronald Reagan took office.
Reagan Revolution
- The 1970s: Watergate, stagflation, energy crisis, Vietnam defeat, and the Iranian hostage crisis caused a loss of confidence among Americans.
- There were concerns about declining American strength, productivity, and the power of special-interest groups.
- Ronald Reagan capitalized on public frustration.
- 1980: Reagan asked, "Are you better off than you were four years ago?" Annual inflation was at 18 percent.
- Reagan won a landslide victory and the Republicans gained control of the Senate.
- Reagan's Background:
- Movie actor a television announcer.
- Born in 1911, grew up in Illinois.
- Sportscaster then actor in 50 films.
- President of the Screen Actors Guild.
- Hosted "GE Theater" and "Death Valley Days."
- Political Shift:
- Started as a liberal supporting FDR and the New Deal.
- Concerned about Communist infiltration in Hollywood.
- 1964: Supported Barry Goldwater.
- Governor of California, promising spending cuts and action against student protesters.
- Reagan drew support from white southerners, Roman Catholics, evangelical Christians, and the New Right.
- The New Right opposed the perceived erosion of values in America.
- Reagan's Promises:
- Rebuild defenses.
- Restore economic growth.
- Reduce the size of the federal government.
- End union contracts.
- Cut taxes.
- Decontrol businesses.
- Despite mixed results, many Americans felt Reagan improved the economy.
Reaganomics
- Reagan blamed economic problems on declining capital investment and a tax structure against work and investment.
- Tax Cuts:
- 1981: Congress cut taxes by 5% in 1981 and 10% in 1982 and 1983.
- 1986: Reduced top tax rates to 28% while closing loopholes.
- Labor:
- 1981: Fired 15,000 striking air-traffic controllers, which boosted his popularity.
- Defense: Doubled the defense budget to over 330 billion by 1987.
- Deregulation: Expanded efforts to deregulate the economy.
- Congress deregulated banking and natural gas.
- Lifted ceilings on interest rates and price controls on airfares.
- The EPA relaxed Clean Air Act enforcement.
- The Interior Department opened federal lands to private development.
- Results of Deregulation:
- Bank interest rates became competitive, but smaller banks struggled.
- Natural gas prices and production increased.
- Airfares dropped on high-traffic routes but increased on low-traffic routes.
- Overall, deregulation increased short-term competition but also led to business failures and consolidation.
- Social Programs:
- Limited benefits to the "truly needy."
- Cut spending on programs like Aid to Families with Dependent Children, food stamps, and job training.
- Eliminated welfare assistance for the working poor and reduced child-care subsidies.
- Attempted to count ketchup as a vegetable in school lunches.
Economic Outcomes and the Celebration of Wealth
- Economy: Longest post-WWII expansion during Reagan's tenure.
- Disposable personal income rose 20% after 1980.
- Inflation fell from 13% in 1981 to under 4% annually.
- Unemployment dropped to approximately 5%.
- Criticisms:
- Massive federal budget deficit, increasing 1.5 trillion during his presidency.
- Growing income gap between rich and poor.
- Costs of cleaning up nuclear weapons facilities and bailing out the savings and loans industry.
- Celebration of Wealth:
- TV show "Dynasty" reflected the glamour and greed of the 1980s.
- Corporate mergers and takeovers boomed, financed by “junk bonds.”
- Corporate raiders like Michael Milken made huge profits.
- Milken earned 550 million in 1987.
- 100,000 Americans became millionaires yearly.
- The bottom 20% saw annual earnings fall from 9,376 to 8,800.
- Many new jobs were in low-wage service industries.
- Financial Excesses:
- October 19, 1987: The Dow Jones fell 508 points (a 22.6% plunge).
- Stock brokerage firms laid off employees.
- Milken was indicted for racketeering and securities fraud.
- Drexel Burnham Lambert fined 650 million and filed for bankruptcy.
- Ivan Boesky fined 100 million for insider trading and jailed.
The Reagan Doctrine
- Cold War tensions intensified during the early Reagan years.
- Reagan called the Soviet Union an "evil empire."
- He proposed a space-based missile defense system ("Star Wars").
- The Reagan administration viewed regional conflicts through a Cold War lens.
- Grenada:
- 1983: Prime Minister Maurice Bishop assassinated, a Marxist government took power.
- Soviet money and Cuban troops arrived.
- The U.S. invaded Grenada, removed the Communists, and installed a pro-American regime.
- The Reagan Doctrine (1985): Pledged support for anti-Communist revolutions.
- Afghanistan: Provided aid to anti-Soviet freedom fighters.
- Nicaragua:
- 1979: Nicaraguans revolted against the Somoza regime. The Sandinistas took power.
- The Sandinistas postponed elections, exiled opposition leaders, and sought aid from the Soviet bloc.
- Reagan saw Nicaragua as "another Cuba."
- Reagan approved covert training of anti-Sandinista rebels ("contras").
- 1984: Congress ended covert aid to the contras.
- The Reagan administration solicited contributions from private individuals and foreign governments.
- Arms were sold to Iran, and profits were diverted to the contras.
- The Iran-Contra affair was exposed in 1986, weakening the president.
- 1987: A regional peace plan was purposed by President Oscar Arias Sanches of Costa Rica.
- 1990: The Nicaraguan opposition defeated the Sandinistas in national elections.
Reagan and Gorbachev
- 1982: Soviet leader Leonid Brezhnev died. His regime was marked by stagnation, corruption, and a military buildup.
- The post-Brezhnev era initially saw little change. Yuri Andropov and Konstantin Chernenko succeeded Brezhnev.
- 1985: Mikhail S. Gorbachev became the Soviet leader.
- Gorbachev:
- Called for political liberalization (glasnost) and economic reform (perestroika).
- Allowed freedom of press, assembly, travel, and religion.
- Ended the Communist party's monopoly on power.
- Created the Soviet Union's first legislature.
- Allowed competitive elections in 1989.
- Freed political prisoners.
- Legalized small private business cooperatives.
- Relaxed laws on land ownership.
- Approved foreign investment.
- Foreign Affairs:
- Cut the Soviet defense budget.
- Withdrew Soviet troops from Afghanistan and Eastern Europe.
- Allowed a unified Germany to join NATO.
- Agreed with the U.S. to destroy short-range and medium-range nuclear weapons.
- Promoted democratization in Eastern Europe.
- Awarded the 1990 Nobel Peace Prize.
Reagan Revolution in Perspective
- 1984: Reagan and George Bush won a landslide victory against Walter Mondale and Geraldine Ferraro (first woman nominated for vice president).
- Reagan left office popular despite the Iran-Contra scandal.
- He was the first president to serve two full terms since Eisenhower.
- Accomplishments:
- Dampened inflation.
- Restored public confidence.
- Presided over the end of the Cold War.
- Doubled the defense budget.
- Appointed the first woman to the Supreme Court.
- Launched an economic boom.
- Created national unity.
- Restored vigor and patriotism.
- Rebuilt military might.
- Championed traditional family values.
- Criticisms:
- Reckless use of military power.
- Circumventing Congress.
- Fostering greed and intolerance.
- Cutting the social safety net.
- Insensitivity on racial issues.
- Economic Legacy:
- National debt tripled, from 909 billion to almost 2.9 trillion.
- Interest amounted to 14% of the federal budget.
- Deficit soaked up savings and raised interest rates.
- Forced the federal government to shift responsibilities to the states.
- Corporate and individual debt soared.
- The U.S. consumed 1 trillion more goods and services than it produced.
- The U.S. became the world's biggest debtor nation due to a weak dollar, low exports, and the need to borrow to finance deficits.