1. The Bush Presidency
Ch. 32
Sec. 2 Pp

2. A New World Order George Bush, Reagan’s V.P. is elected president
Democrats control House and Senate

3. A Changing Soviet Union
Soviet leader Gorbachev wanted to end arms race and reform the Soviet Union
1991 – Strategic Arms Reduction Treaty (START) – US and USSR agreed to destroy nuclear weapons for 1st time

4. Unrest in the Soviet Union
Shortages of food and basic goods because of heavy defense spending and govt. mismanagement
Thousands marched in Moscow in 1990 demanding an end to Communist rule
Unrest spreads throughout Soviet Union

5. A Rising Tide of Freedom
In Poland, shipyard workers form Solidarity labor union
Government forced to hold open elections in 1989
Communist rule starts to end in Eastern Europe

6. The Wall Comes Tumbling Down
Communist govt. in East Germany opens Berlin Wall in 1989
1990, East Germany votes to reunite with West Germany

7. Collapse of Soviet Union
In USSR, some reformers wanted faster changes, but military and secret police resisted changes
1991 – Communist officials and army generals stage a coup (an overthrow of the govt.)
Yeltsin, president of Russian Republic resists and coup fails

8. A New Foreign Policy
Panama – Gen. Noriega is removed by US for drug trafficking
China – economic reforms, but not political
Troops crush student protests in Tiananmen Square
Bush continued to trade with China

9. Persian Gulf War Operation Desert Storm
Iraq invaded Kuwait in 1990
Coalition forces under UN leadership invade in 1991
Saddam Hussein was left in power
US helps rebuild Kuwait
Bush’s popularity is at 90%

10. War in the Balkans
Yugoslavia was made up of several republics/ethnic groups
Slovenia, Croatia, and Bosnia-Herzegovina declared independence
Serbs fought them in a civil war
1992 – UN boycotted trade with Serbia because of atrocities

11. Domestic Issues
During 80s, Reagan administration had cut banking regulations
S&Ls began losing millions because of bad loans and declining real estate
Federally insured, so it cost taxpayers almost $500 billion

12. Economic Downturn