the reagan years
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The Reagan Years. The Rise of Reagan. Hollywood Actor, President of Screen Actors Guild Testified about communism before the House Un-American Activities Committee Originally a Democrat and supporter of New Deal Switched because of communism - PowerPoint PPT PresentationTRANSCRIPT
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The Reagan Years
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The Rise of Reagan
Hollywood Actor, President of Screen Actors Guild
Testified about communism before the House Un-American Activities Committee
Originally a Democrat and supporter of New Deal Switched because of communism
1966: Governor of California after gaining popularity with a 1964 pro-Goldwater speech
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Election of 1980
Reagan stances High taxes and government regulations hurt economy Promised to cut taxes Increase defense spending Ban abortions
Asked voters if they were better off than they were 4 years ago
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The Votes Are In!
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Domestic Policies
Reaganomics Monetarists: raise interest rates Supply-Side economics: lower taxes and
deregulate economy Reasons:
High taxes took money from investors Lower taxes=more capital=more investments
25 percent tax cut
Critics said it would help corporate America and wealthiest Americans but little wealth would “trickle down” to middle or lower classes
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Domestic Policies (continued)
Cutting programs necessary due to budget deficit Amount of money that expenditures exceed income
Example (Spending: 100 billion; Taxes: 75 billion; Deficit: 25 billion)
Social programs such as food-stamps, school-lunch program, Medicare, unemployment, student loans, and housing programs
Cutting programs and military spending more important than balancing the budget
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Domestic Policies (continued)
Deregulate the economy End price controls on oil and gasoline FCC stopped regulating cable National Highway Traffic and Safety Administration
reduced requirements for air bags and higher fuel efficiency for cars
Deregulated airlines (started by Carter), EPA, other programs
Successes? Oil prices fell Price wars in airways
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Supreme Court becomes Conservative
Sandra Day O’Connor (first woman in SC)
William Rehnquist
Antonin Scalia
Robert Bork (confirmation rejected by Senate)
Anthony Kennedy (moderate, selected after Bork)
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Reagan v. Communism
End of containment and détente
Soviet Union=Evil Empire
US does not negotiate or contain evil, we defeat it
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Peace Through Strength
Military Build Up
Cost about $1.5 trillion over 5 years
Rationale: Soviet response would put pressure on their economic system that it would reform or collapse Believed defense spending would cause communism
to fail
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Peace Through Strength (continued)
Anti-terror movements Libyan air attacks kill 37 and
injure 200 after Berlin bombing
Economic impact New jobs Deficit grows by 150% to $200
billion
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Reagan Doctrine
Support anti-communist guerrilla groups Afghanistan: mujahadeen rebel support
Carter sent $30 million, Reagan $570 million Soviet invasion hurt USSR economy and they withdrew
Nicaragua Sandinistas overthrow pro-American dictator Reagan sent money to anti-communist Contras
Grenada US soldiers defeat Marxist rebels
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Iran-Contra Scandal
Congress prohibited aid to Nicaraguan rebels
Reagan admin. illegally supported rebels Sold weapons to Iran (enemy, terrorism-supporter) in
exchange for hostages captured by Hezbollah Money from sells went to contras (Nicaraguan rebels)
Oliver North, aide to National Security Council, testified and admitted to cover-up. Reagan gave approval on the sale to Iran, but no
evidence found that he was aware of redirected funds to contras
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Arms Control
Reagan placed missiles in Western Europe to counter Soviet build-up in Eastern Europe
Push for “nuclear freeze” End of deployment of new nuclear
missiles
Strategic Arms Reduction Talks (START) Talks to cut missiles on both sides
in half Soviets refused and walked out
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Star Wars
Reagan disagreed with nuclear deterrence Idea that you deter another from attacking you
because of your weapons Mutual assured destruction: as long as US and USSR
could destroy one another with nukes, neither will use them
Strategic Defense Initiative (SDI) Development of weapons that could intercept
and destroy incoming missiles “Star Wars”
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SDI in Action
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Mikhail Gorbachev
1985: New Leader of Soviet Union
Resumes talks with US on arms control
Pro-economic reform
Negotiated with Reagan Give up SDI, we give up nuclear build-up Several summits
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US-Soviet Relations Improve
Reagan doubted Gorbachev’s reform promises Most Americans welcomed idea of better relations
Dec. 1987: Intermediate Range Nuclear Forces Treaty Called of destruction of nuclear weapons Ended Soviet military spending race, opened up
reforms to USSR
Economic boom, strong military, and better relations with USSR as Reagan’s term ends