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The Reagan Revolution
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Laissez-Faire Government“Government is not the
solution;
Government is the problem.”
Laissez-faire – hands off; let the market decide
• Lower Taxes• Decrease federal regulation• Reduce social programs
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Reaganomics• a.k.a “trickle down” and supply side economics
– - the belief that tax policies that benefit the wealthy will create a "trickle-down" effect to the poor
•Tax cuts across the board
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Reaganomics
Successes• 25% tax cut over 3 years
– Proudest accomplishment
• Revenues Doubled• 16 million jobs added• Inflation fell to 4%-5%
Failures• Record Deficits (+2 trillion)
– Greatest Disappointment
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Military Buildup
• Moved away from détente.
“Now they are going to be faced with an arms race and they can’t keep up”
• Mutually assured destruction
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Military BuildupDefense
Budgets
1980 -147.2 Billion
1989 -290.2 Billion
• $34 million an hour on defense
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Strategic Defense Initiative (SDI)
“Star Wars”
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“Star Wars”
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Supreme Court Justice Sandra Day O’Connor
(1981 – 2006)
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Reagan Foreign Policy
Make America Strong And Respected
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Middle Eastern Relations
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Starting off on the right foot
Iran-Hostage Crisis Ended
January 20, 1981
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Lebanon and Civil War (1982 - 84)
April 18, 1983
46 killed, 16 American
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800 US Troops Sent to Lebanon for a peace-keeping mission
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Attack: October 23, 1983
241 US Marines killed
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Feb 26, 1984
Reagan Withdrew US from
Lebanon. This event was later
cited by bin Laden to show US’ weakness
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Muammar Gaddafi
Problems with Libya
• Terrorist connections to Libya force American jets to down 2 Libyan war planes– Libya seemed to be behind several bombings in
Austria, Rome, W Germany, and the highjacking of a cruise ship
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West Berlin Bombing April 5, 1986
3 killed (2 US) and 229 injured
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Operation El Dorado Canyon April 15, 1986
• 55 planes
• 12 minutes
• 227 hits
–5 target areas
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Operation El Dorado Canyon
• 60 tons of bombs dropped but Gaddafi escaped
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Reagan = Anti-Communist
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American-Soviet Relations
“An Evil Empire”
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Anti-Russian Feelings
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Reagan Doctrine
• Pledged to support anti-communist freedom fighters who battled the Soviet Union or Soviet-backed governments.
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Communist Menace
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Grenada Invasion
October 25, 1983
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Operation: Urgent Fury
• 2 days after the US withdrew from Lebanon
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Nuclear Weapons sent to West Germany and England
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Soviet boycott of the 1984 Summer Olympics in
Los Angeles
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United States Medal Count
Total US
Medals 688 174
Gold 226 83
Silver 219 61
Bronze 243 30
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1984 Presidential Election
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1984 Election -Democrats
Walter Mondale Geraldine Ferraro
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1984 Election
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Thumbs Up to a Second Term