George H.W. Bush End of the Cold War, Persian Gulf, and “No New Taxes”

Objectives / Warm-ups TSWBAT TSWBAT Define opportunity cost Define opportunity cost Determine who gets credit for ending the Cold War. Determine who gets credit for ending the Cold War. Analyze President Bush’s handling of the post- Reagan economy. Analyze President Bush’s handling of the post- Reagan economy. Describe the U.S. role in the Persian Gulf War. Describe the U.S. role in the Persian Gulf War. What is opportunity cost? Does it apply to you on a daily basis? Explain What is opportunity cost? Does it apply to you on a daily basis? Explain

What is… Budget Budget Deficit Deficit Surplus Surplus

George H.W. Bush Previous positions: Previous positions: House of Representatives House of Representatives Ambassador to the U.N. under Nixon Ambassador to the U.N. under Nixon Chairperson of the Republican National Committee Chairperson of the Republican National Committee American envoy to China under President Ford American envoy to China under President Ford Head of the Central Intelligence Agency (C.I.A.) until 1977 Head of the Central Intelligence Agency (C.I.A.) until 1977 Vice President under Reagan for 8 years Vice President under Reagan for 8 years

Reagan v. Bush Believed in supply-side economics Believed in supply-side economics Although it revived the economy, it did not help the less fortunate, and led to a sizeable budget deficit. Although it revived the economy, it did not help the less fortunate, and led to a sizeable budget deficit. Called Reagan’s economics “voodoo economics” because he believed it would take magic to make it work.

Who Really Ended the Cold War? Ronald Reagan? Ronald Reagan? Signed INF Treaty which caused Soviets to reform economy and political infrastructure. Signed INF Treaty which caused Soviets to reform economy and political infrastructure. George Bush? President at time of Soviet Collapse?

The Bush Years

Bush’s “Lie” “Read my lips: no new taxes” “Read my lips: no new taxes” Bush had to raise taxes as president to balance the budget. Bush had to raise taxes as president to balance the budget. He also proposed to reduce defense spending. He also proposed to reduce defense spending. Why wouldn’t Conservative Republicans like Bush’s economic plan? Why wouldn’t Conservative Republicans like Bush’s economic plan?

Bush as a Moderate Bush passed the Americans with Disabilities Act Bush passed the Americans with Disabilities Act Bans discrimination of people with disabilities Bans discrimination of people with disabilities

Bush as a Moderate President Bush passed the Clean Air Act President Bush passed the Clean Air Act Sets emission standards for vehicles, airlines, and factories Sets emission standards for vehicles, airlines, and factories

Foreign Policy: Invasion of Panama Bring down General Manual Noriega Bring down General Manual Noriega He was a supporter of illegal drug trafficking He was a supporter of illegal drug trafficking He also aided the U.S. in supporting rebels in El Salvador and Nicaragua He also aided the U.S. in supporting rebels in El Salvador and Nicaragua He was paid by the C.I.A. for his assistance He was paid by the C.I.A. for his assistance Noriega was captured and taken to the U.S. and put on trial for illegal drug trafficking Noriega was captured and taken to the U.S. and put on trial for illegal drug trafficking

Causes of the Persian Gulf War Iraq invaded Kuwait Iraq invaded Kuwait They accused Kuwait of slant-drilling They accused Kuwait of slant-drilling The U.S. wanted to defend Kuwait and prevent Iraq from becoming the most powerful country in the Middle East. The U.S. wanted to defend Kuwait and prevent Iraq from becoming the most powerful country in the Middle East. Iraq would have dominated the world’s oil supply. Iraq would have dominated the world’s oil supply.

Desert Storm: Hyper-War

The Aftermath of the Persian Gulf War

Summary How did President Bush address economic problems? How did President Bush address economic problems? Why were some of Bush’s moderate policies? Why were some of Bush’s moderate policies? Why did President Bush capture General Noriega? Why did President Bush capture General Noriega? Why did the U.S. enter the Persian Gulf War? Why did the U.S. enter the Persian Gulf War? What is significant about the Persian Gulf War? What is significant about the Persian Gulf War?