1. The Reagan Revolution Reaganomics Economic problems Supply-side theory
Double-Digit inflation
Rise of Germany & Japan
Transformation
Supply-side theory
Tax cuts & deregulation
“Trickle-down” or “voodoo” economics
11/20/2018

3. The Reagan Revolution Reaganomics Economic Recovery Act of 1981
Major tax cut – supply-side principles
Cooperation of “boll weevils” – southern Dems.
Hidden agenda: Attack on social programs
Demise of Inflation
The Fed policies – choosing an evil to attack
Decline of oil prices
Waning union power
11/20/2018

4. PATCO Strike, 1981
11/20/2018

5. Paul Volcker, Fed Chairman, 1979-1987
Alan Greenspan
Fed Chairman
Paul Volcker, Fed Chairman,
11/20/2018

6. The Reagan Revolution Reaganomics A growing divide in American society
Reaganite rhetoric
Program cuts
Job creation
Growing gap in the classes
Budget problems
Resumption of the Cold War
Rising deficits and debt
Deregulation
11/20/2018

7. The Reagan Revolution Home on the (Campaign) Trail The Reagan Image
The Great Communicator
Surviving an assassination attempt
“Teflon President”
Election of 1980
Moral Majority / Religious Right / Jerry Falwell
Olympic Boycott / Hostage Crisis / Economy
Re-election (1984)
Vs. Mondale/Ferraro
“Morning in America”
11/20/2018 7

8. 11/20/2018

9. The Reagan Revolution Troubled Waters in Reagan’s 2nd Term AIDS
Challenger disaster
Conservative setbacks
Getting “Borked”
Televangelists on the defensive
Corporate dishonesty
Culture of consumption
“Black Monday” – Stock Market Crash
11/20/2018 9

10. The Reagan Revolution Reagan’s Foreign Policy Soviet Union Middle East
“Evil Empire”
Poland & the Solidarity Movement
Gorbachev: Glasnost & Perestroika
“No Nukes” Movement
Middle East
Marines killed in Beirut
Qaddafi / Libya
Supported Iraq/Hussein vs. Iran
11/20/2018 10

11. 11/20/2018

12. 11/20/2018

13. The Reagan Revolution Reagan’s Foreign Policy Nicaragua Iran-Contra
Revolution in 1979 overthrows Somoza
Civil War in the ‘80s: Sandinistas vs. Contras (U.S.-backed)
Cease-fire
Iran-Contra
A convoluted plot
What’s wrong with this?
11/20/2018 13

14. Oliver North, Deputy NSA
William Casey,
FBI Director
11/20/2018
John Poindexter, Nat. Security Adviser

15. A New World Order Election of 1988 Collapse of Communism
Bush vs. Dukakis
Collapse of Communism
Fall of the Iron Curtain & the unification of Germany
Soviet collapse
Post-Cold War worries
The Chinese exception
Tiananmen Square
11/20/2018 15

16. Compassionate conservatism
Election of 1988
George H. W. Bush
Michael Dukakis
Vs.
Compassionate conservatism
“1,000 Points of Light”
Willie Horton ad
Reagan coattails

17. Tiananmen Square, June 5th, 1989

18. A New World Order Persian Gulf in crisis Domestic Affairs
Drama w/ Saddam Hussein
Defending Kuwait
U.S. success
Domestic Affairs
“kinder, gentler nation…”
Supreme Court
Economic troubles
LA Riots
11/20/2018 18

19. A New World Order Election of 1992 Democratic changes Buchanan effect
Perot effect
“Read my lips, no new taxes”
Clinton wins – “It’s the Economy, Stupid!”
11/20/2018 19