Vocab
Extra; condition that exists when income exceeds spending.
Surplus
The process of removing or reducing government regulations on businesses and industries, often with the aim of promoting competition and economic growth.
Deregulation
Who launched the most radical change known as the "conservative revolution"?
Ronald Reagan
How did President Reagan react to the crackdown on Solidarity in Poland?
He imposed economic pressure on Poland to end martial law.
What event occurred in 1991 that left the United States as the world's lone superpower?
The collapse of the Soviet Union
Rule by the army instead of the elected government.
Martial Law
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Inflation
What event in 1979 led to an energy crisis in the United States?
The Iranian Revolution
What political shift occurred in Eastern Europe in the late 1980s?
The fall of Communist governments and rise of democratic reforms
Who played a key role in ending apartheid and establishing democracy in South Africa?
President Reagan’s economic program that aimed to stimulate economic growth through tax cuts, reduced government spending on social programs, and deregulation.
Reaganomics
Trade Restriction placed on a country to force it to obey international laws
Sanctions
What accusation led to the impeachment of President Clinton?
Lying about an improper relationship with a White House intern
What did the collapse of the Soviet Union allow President Clinton to do?
Bring tens of thousands of US troops home
What was the Strategic Arms Reduction Treaty (START) signed in 1991 aimed at achieving?
Reducing nuclear weapons between the U.S. and Russia
A nickname for Ronald Reagan, highlighting his ability to effectively communicate with the public and present his ideas in understandable terms.
Great Communicator
An independent labor union that challenged Poland's communist government.
Solidarity
Who served as Ronald Reagan's vice president and later became President after him?
George H.W. Bush
What was the feeling among Americans after the end of the Cold War?
Which American president invited Egyptian president Anwar el-Sadat and Israeli Prime Minister Menachem Begin to Camp David for peace talks?
Jimmy Carter
A legislative package drawn up by House Republicans in 1994, which included proposals to trim social welfare programs, slash taxes, and enact other conservative policies.
Contract with America
A conference between the highest ranking official of different nations.
Summit meeting
What event caused an economic boom during Bill Clinton's presidency?
The signing of NAFTA
What challenge did the US face in the 1990s after the end of the Cold War?
New challenges around the world
What was the outcome of the Camp David Accords signed in 1979?
Peace treaty between Israel and Egypt