1. Rise of Conservatism

2. Reagan and Conservative Politics
Restores the Conservative movement (Neo- Conservatives)
Era of economic growth
Republican domestic and foreign principles
Tries to dismantle and does not fund many programs under the Great Society.
Reaganomics- deficit spending to stimulate the economy, tax-cuts for the wealthy
(Trickle-down economics/ Supply-side economics)

4. Recession 1980-1982: The Reagan Recession
1980s recession can be mostly attributed to the Iranian Revolution
caused a sharp increase in the price of oil all around the world causing the 1979 energy crisis.
U.S. enacted a tight monetary policy to control inflation, which led to another recession.
Business bankruptcies 50%
Farmers hit hard- agricultural exports down, crop prices fell, interest rates rose

5. W/ Double Dip Recession

6. The Cooling of Inflation
Recession, falling oil prices and Federal Reserve control of money and credit reduced the rate of inflation
1983 recession over and there was an economic boom
Reagan’s four-point plan helped with the boom and became the cornerstone for Conservative economic policy
Tax cuts
Reduce domestic spending
Anti-inflation money policies to make a stronger dollar
Deregulation- Creating a pro-business atmosphere that would end rules for corporations

7. Economic Problems Farmers Federal deficits soared
Serious droughts in
Federal deficits soared
1980 $74 billion to $221 billion in 1986 falling to $152 billion in 1987
Trade deficit- $152 billion in 1987
Stock market crash 1987
Savings and Loans Crisis 1989
Savings and Loans – a financial institution that specializes in savings deposits and making mortgage and other loans.
Thousands institutions failed- worst financial institution crisis since the depression
Government bailed out the Savings and Loans at a cost of $185 million
Due to bad investments
Recession in 1991 and recovery began in 1992

8. Irony of Economic Booms Since the 1980s
Average American Workers wages have not raised when adjusted for inflation over the past 3 decades.
Workers are more productive but wages have not increased
Manufacturing Jobs exported to other countries where workers are paid less
Majority of the wealth is held by 1% of the population
In comparison to white men ($1.00)
White Women are paid $0.77-$0.79
Black and Hispanic Men $0.75
Black and Hispanic Women $0.64
Asian American Women $0.90
White men made $0.94 to Asian American men

10. Rise of Social Conservatism
Social Conservatives favor preserving traditional beliefs and attitudes
Social Conservatives tend to be
Pro-life
For Traditional Marriage
In favor of smaller government and less spending
Strong National Defense
Promote family values and patriotic ideals

11. The New Right and the 1970s
The New Right emerged and fought for the following single issues that reflected their interests
Opposing abortion
Blocking the Equal rights Amendment
Opposed Court ordered busing
Affirmative Action
Believed affirmative action was a form of reverse discrimination

12. Conservative Groups Conservative Coalition
An alliance of business leaders, middle-class voters, disaffected Democrats and fundamentalist Christian Groups
William F. Buckley Jr. founder of the Wall Street Journal and the National Review promoted conservative policies and principles
Think Tanks developed conservative policies and principles
American Enterprise Institute and the The Heritage foundation

13. Moral Majority
Evangelical Christians became a dominant group in the conservative movement
Jerry Falwell formed an organization called the Moral Majority
Argued for traditional moral lives
Condemned liberal attitudes and behaviors
Religious/ Christian Right became a huge voting bloc in the Republican party and formed the majority of its base.

14. Jerry Falwell

15. Technological Boom
Computer Revolution in the 1980s created a boom in technology
Microsoft created MS-DOS
Made computers easier to work with, but very costly
IBM-PC : First personal computer cost $1,600
Apple Lisa- Introduction of Graphic User interface made computers easier to use- scrapped due to cost Jobs removed from project
C++ programming- Created by Bjarne Stroustrup
Revolutionized programing languages

17. Technological Boom
1984 CD Rom invented for storage- lead the way in changing music formats
January 1984: Apple Macintosh
Similar to Lisa 2 better sales
Graphic User Interface with multitasking abilities
November Windows 1.0- a blend of Graphic User Interface and an operating system

18. Internet The Internet has no single inventor
Started as a weapon and a way to communicate during the Cold War
ARPANET- predecessor to Internet
Created out of fear that the Soviets would disable America’s telephone system

19. Technology continues to boom
2000 Dot.com bust
Online companies develop- no store fronts
Investors thought this would be worth millions
Too many companies created and Dot.com industry crashed
Many jobs lost
2000- Google
One of the best search engines created- expanding into multiple uses and even a self-driving car
2001 Wikipedia
2004 Facebook
2005 YOUTUBE
2005 Yahoo
2006 Twitter

21. Silicon Valley
Technology boom led to the rise of Silicon Valley- Location in San Francisco Bay area and home to many successful tech companies
And hopefully Silicon Beach