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P9 Flashcards
Different from "Period Rev" flashcards which cover the paper Review Challenges.
| Question | Answer |
|---|---|
| Reaganomics (1980s) | Supply-side 'trickle-down' economics — cut taxes on wealthy & corporations, reduced regulation. Stimulated investment & economic growth but increased income inequality & ballooned the national debt. |
| Star Wars - Strategic Defense Initiative (1983) | Reagan proposed a space & land-based missile defense shield. Cost billions. Scientists called it unfeasible. Alarmed the Soviets. May have accelerated Cold War arms race and helped pressure USSR to negotiate. |
| Iran-Contra Scandal revealed (1987) | Reagan officials secretly sold arms to Iran & funneled profits to Nicaraguan Contras — bypassing Congress. Led to calls for impeachment. Tower Commission cleared Reagan of direct knowledge. |
| Fall of Berlin Wall (1989) | East Germany opened its borders — jubilant crowds tore down the ___. Symbol of communist Europe's collapse. Led to German reunification in 1990. Marked the effective end of the Cold War. |
| Persian Gulf War (1991) | Saddam Hussein invaded Kuwait for oil. US-led coalition expelled Iraq in 100 hours of ground combat. Bush chose not to march on Baghdad. Left Saddam in power — a decision debated for decades. |
| NAFTA created (1994) | Free trade agreement between US, Canada & Mexico eliminated most tariffs. Boosted trade & lowered consumer prices. Critics argued it cost American manufacturing jobs & depressed wages. |
| Clinton's Impeachment (1999) | ___ impeached for perjury & obstruction of justice related to an affair with a White House intern. Only the 2nd president impeached. Acquitted by the Senate. Left office with high approval ratings. |
| Election of 2000 / Bush v. Gore | Bush & Gore tied in Florida — outcome decided by 537 votes. Supreme Court halted the recount & awarded Florida — and the presidency — to Bush. Most controversial election in modern American history. |
| 9/11, PATRIOT Acts & the War on Terror (2001) | Al-Qaeda hijackers flew planes into the World Trade Center & Pentagon — 3,000 killed. ___ ___ expanded surveillance powers. US invaded Afghanistan & later Iraq. Transformed American foreign policy. |