1. Objective 12.03 Identify and assess the impact of economic, technological, and environmental changes in the United States

2. WIN Whip inflation now/ Ford’s plan to solve the problem of stagflation

3. Stagflation Inflation and high unemployment combined

4. NAFTA North American Free Trade Agreement

5. Department of Energy Set up by the National Energy Act/ President Carter/ search for alternative energy sources

6. Airline Deregulation Took away regulations concerning price of airline travel, meant to make airline travel more competitive

7. Three Mile Island Nuclear reactor melt down

8. Energy Crisis 1973, associated with the politics of oil

9. Solar Energy Alternative Energy Source, gaining power from the sun

10. Supply side Economics Economic theory of cutting taxes and government spending to spur economic growth

11. “Trickle Down Theory” Economic theory of the Reagan administration that tax incentives for businesses and industry would trickle down as benefits for workers

12. Internet Developed for scientific and mathematical research, home use comes about because of the development of the personal computer

13. National Debt The US government spends more than it takes in through tax revenue

14. NASDAQ Measures the buying and selling of stock, shows the performance of stock on the stock market

15. Challenger Disaster Space shuttle disaster, space shuttle blew after take-off