Chapter 31 - Conservative Revival (1977-1990)

Reagan

________ introduced a "supply- side "economic philosophy, commonly called Reaganomics, that championed tax cuts for the rich, reductions in government regulations, cuts to social welfare programs, and increased defense spending.

Jimmy Carter

While ________ had some notable achievements, such as the Camp David Accords, his administration suffered from legislative inexperience, a deepening economic recession, soaring inflation, and the Iranian hostage crisis.

Ronald Reagans charm

________, coupled with disillusionment over Carters presidency, won Reagan the election in 1980.

Soviet Union

In the ________, Mikhail Gorbachevs steps to restructure the economy (perestroika) and promote more open policies (glasnost) led to further reform and the collapse of the Soviet Empire.