Conservative Resurgence ( ) Modern History and how it shaped society of today

The Rise of Conservatism ▪ Major issues – Taxpayers’ Revolt – Conservative religious revival – Elimination of racial preferences – Deregulation of business

Reagan Revolution ▪ Election of 1980 ▪ Reaganomics (supply-side) ▪ Federal tax reduction ▪ Spending cuts ▪ Deregulation

▪ Labor unions ▪ Recession and recovery ▪ Social issues ▪ Election of 1984 ▪ Budget and trade deficits ▪ Impact of Reaganomics:

Foreign Policy ▪ Renewing the Cold War: military build-up ▪ Central America ▪ Grenada ▪ Iran-Contra Affair ▪ Lebanon, Israel, and PLO ▪ Improved relations with Soviets – Outcome:

G.H.W. Bush ▪ Election of 1988 ▪ Collapse of Soviet Union – Tiananmen Square – Eastern Europe – Break-up of Soviet Union – End of Cold War! ▪ Invasion of Panama ▪ Persian Gulf War ▪ YAVRnpdSw04n_DsfSzLkc- eyAW2Dj0QvDhLfnQneh51963tRiQyHZ32gARqPnZMdk1glDpMsd7VFm3Y x_5Cgwhttps:// YAVRnpdSw04n_DsfSzLkc- eyAW2Dj0QvDhLfnQneh51963tRiQyHZ32gARqPnZMdk1glDpMsd7VFm3Y x_5Cgwhttps://

Domestic Issues ▪ Clarence Thomas ▪ Taxes and the economy ▪ Not much for domestic policy

Clinton and Prosperity ▪ Election of 1992 ▪ Early accomplishments ▪ Republican-controlled Congress ▪ Balanced budget ▪ 1996 Election ▪ Technology boom

Second Term ▪ Impeachment ▪ House voted on articles of Impeachment Dec ▪ Trial in Feb 1999, fell short Of 2/3 majority to be removed. – First impeachment since 1868

Foreign Policy ▪ Peace-keeping ▪ Europe ▪ Asia ▪ Middle East ▪ Globalization

American Society in the Year 2000 ▪ Immigration ▪ Aging and the family ▪ Income and wealth