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The 1980’s Domestic and E conomic Policies

The 1980’s Domestic and E conomic Policies. People are fed up with the current system There is a rise in conservatism People angry about issues Ongoing Iranian Hostage Crisis 1980 Olympics Boycott Reinstatement of the Draft “Stagflation” – high unemployment and inflation.

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The 1980’s Domestic and E conomic Policies

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  1. The 1980’s Domestic and Economic Policies

  2. People are fed up with the current system • There is a rise in conservatism • People angry about issues • Ongoing Iranian Hostage Crisis • 1980 Olympics Boycott • Reinstatement of the Draft • “Stagflation” – high unemployment and inflation Carter Era Ends

  3. Former actor that many knew • Lots of success as California State Governor • Believed in small government and States Rights • Provided a strong sense of Patriotism Rise of Ronald Reagan

  4. Reagan vs. Carter • George H. W. Bush (Reagan’s VP) • Walter Mondale (Carter’s VP) • Reagan wins by landslide • 50.7% to 41% in the popular vote • 489 to 49 in the electoral vote 1980 Election

  5. Reagan’s economic policy • Advocated for private industry • Developed by economist Art Laffer • Major Cut taxes in 1981 • Trickle down economics • Created a large deficit • Also the “Tight Money Policy” • Developed by Paul Volker • Federal Bank Chief • Attacked inflation • Focused mostly on military spending • $1.5 trillion • Arms race with USSR • No European aid Reaganomics (Voodoo)

  6. Air traffic control workers went on strike for higher wages and better working conditions • Reagan fired all those participating in the strike (over 12,000 workers) • They were replaced soon after • Solidarity Day March on September 19, 1981 at the National Mall • Jobs were reacquired but Unions were fined millions PATCO Controversy

  7. Ronald Reagan (R) vs. Walter Mondale (D) • Reagan Reinforcements • OPEC drops oil prices • Assassination attempts • Sympathy vote • Death of USSR leaders • Soviets Weaken • Mondale • Thin victory over Jesse Jackson • “Hymietown” remark • Rainbow Coalition • Racial equality and opportunity • VP Nominee Geraldine Ferraro • 1st woman VP candidate • Women didn’t like Reagan • 49 states to 1 • Largest landslide ever 1984 Election

  8. George H.W. Bush vs. Michael Dukakis • Bush • VP under Reagan • Reagan’s “successor” • Fiscal conservative • Dukakis • Mass governor • Won democratic nom in tight race • Results • 40 states to 10 (Bush) • 426 to 111 electoral votes 1988 Election

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