COLD WAR ENDS
This Soviet leader introduced glasnost and perestroika.
Who is Gorbachev?
This agreement created a free trade zone between the U.S., Canada, and Mexico.
What is NAFTA?
This innovation helped connect people globally and expand access to information in the 1990s.
What is the Internet?
This term describes the gap between rich and poor.
What is inequality?
This event in 1989 symbolized the end of division between East and West Europe.
What is the fall of the Berlin Wall?
This organization was created to regulate and oversee global trade rules.
What is the WTO?
This term describes buying and selling goods online.
What is e-commerce?
During the 1990s, most of the country’s income was concentrated in this group of US people.
high-income groups / the wealthy / top earners
This country dissolved in 1991, ending the Cold War era.
What is the Soviet Union?
Globalization increased this, as companies moved production to countries with cheaper labor.
What is job loss / outsourcing?
This economic effect increased due to technological innovation and efficiency.
What is productivity?
This factor contributed to increased inequality in the 1990s, as companies moved jobs to countries with lower wages.
outsourcing / globalization
Which action by the Soviet Union helped reduce Cold War tensions in the late 1980s?
Withdrawing troops from Afghanistan
This global trend describes the movement of capital, goods, and information across borders.
What is globalization?
How did new technology in the 1990s most directly impact the U.S. economy?
It increased efficiency and economic productivity
In the 1990s, people with this level of education generally earned much higher incomes than others.
college graduates / higher education (college degree)
Which event shows that the end of the Cold War did NOT lead to immediate peace in Europe?
Balkan wars (Yugoslavia/Bosnia)
Which of the following best explains why some U.S. workers opposed globalization in the 1990s?
It caused companies to move jobs to lower-wage countries
Name ONE company associated with the 1990s tech boom.
What is Apple / Microsoft / Amazon / Google / Yahoo?
This group of workers was more likely to earn lower wages and benefit less from the economic growth of the 1990s.
low-skilled workers / workers without college education