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Reaganomics
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Supply-Side Economics
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Reaganomics President Reagan’s economic plan: tax cuts, less regulation, and cutting government spending to boost growth.
Supply-Side Economics The idea that cutting taxes for businesses and the wealthy will grow the economy and help everyone.
Deregulation Reducing government rules on businesses to encourage competition and growth.
Iran-Contra Affair Scandal where the U.S. secretly sold weapons to Iran and used the money to fund rebels in Nicaragua.
Moral Majority A political group of conservative Christians who supported traditional values and helped elect Reagan.
End of the Cold War The Soviet Union collapsed in 1991, ending decades of tension between the U.S. and USSR.
Mikhail Gorbachev Leader of the Soviet Union who introduced reforms and helped end the Cold War.
Globalization The world becoming more connected through trade, technology, and communication.
NAFTA (1994) Trade agreement between the U.S., Canada, and Mexico that removed tariffs.
War on Terror U.S. response to the 9/11 attacks; focused on stopping terrorism worldwide.
9/11 Attacks (2001) Terrorist attacks by al-Qaeda on the U.S., including the World Trade Center and Pentagon.
Patriot Act (2001) Law that gave the government more power to find and stop terrorists; raised privacy concerns.
War in Afghanistan Started after 9/11 to remove the Taliban and fight al-Qaeda; became America’s longest war.
War in Iraq (2003) U.S. invaded Iraq over weapons of mass destruction (WMDs); no WMDs were found.
Affordable Care Act (2010) Also called “Obamacare”; aimed to expand health insurance coverage.
Social Media Changed how people communicate and share information in the 21st century.
Great Recession (2007–2009) A major economic downturn caused by a housing market crash and risky banking.
Bush v. Gore (2000) Supreme Court case that ended the Florida recount and gave George W. Bush the presidency.
Barack Obama First African American president; focused on healthcare, economic recovery, and equality.
Donald Trump Elected in 2016; focused on immigration, deregulation, and “America First” policies.
Climate Change A major global issue; caused debate over environmental protection and government action.
LGBTQ+ Rights Movement Fought for equal rights; same-sex marriage was legalized nationwide in 2015.
Black Lives Matter A movement protesting police violence and systemic racism, especially against Black Americans.
Political Polarization Growing divide between conservatives and liberals in American politics.
Technology Boom Growth in internet, smartphones, and tech companies that changed the economy and daily life.
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