Unit 6 Study GuideU.S. HistorySpring SemesterChallenges faced by Jimmy Carter:•Democra?c party•economy•Iran hostage crisisThe 1980 Elec?onCandidates: Carter ReaganAn unusual choice:ReaganNeoconserva?ves: a powerful military andaggressive foreign policyReagan’s appeal to conserva?ves: reducedtaxes and less governmental oversight ofenterprisesSupply-side economicsThe goal: s?mulate increased output ofproducts and services, resul?ng in greaterjobs and tax revenueOpposi?on to it: It advocated for massive taxcuts for the rich, which some supported whileothers resisted.Deregula?on of government agencies:•deregula?ng epa•Saving•Savings accounts•Administra?on for Highway TrafficSafetyBudget cuts and their impact: Budgetcutbacks to PME agencies rendered enforcingregula?ons imprac?cal.Deregula?on of airlines: benefited bothbusinesses and consumers
