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Ch. 40.

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1 Ch. 40

2 Reagan Revolution Return of Conservatism Neo-Conservatives
Reagan Democrats Social Conservatives Push back against New Deal Great Society Social liberalism of 1960s and 1970s Detente

3 Reagan Philosophy Free markets Less Regulation
Reduce Federal Spending on Social Programs More Power to States Tax Cuts Stronger Military Foreign Policy that challenges the Soviets

4 Reagan Presidency Landslide Hostages released on inauguration
Supply Side Economics Leads to bigger deficit Recession in first two years Economy recovers in first term

5

6 Reagan Problems Star Wars Iran-Contra Oliver North Nicaragua Iran

7 Bush in ‘88 Bush the moderate Michael Dukakis First Iraq War
Bush popularity high Economic down-turn Bush popularity tanks Reasons

8 Bill Clinton Election in 1992 NOT a return to liberalism/progressivism
1994 Conservative revolution in Congress Newt Gingrich Contract with America

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