Sg43 - Study Guide Chapter 43 The Resurgence of...

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Study Guide Chapter 43 The Resurgence of Conservatism, 1981-1992 Part I: Reviewing the Chapter c. Checklist of Learning Objectives After mastering this chapter, you should be able to 1. describe the rise of Reagan and the “new right” in the 1980s, including the controversies over racial and social issues. 2. explain the “Reagan revolution” in economic policy and indicate its immediate and long-term consequences. 3. describe the revival of the Cold War in Reagan’s first term. 4. discuss the American entanglement in Central America and Middles Eastern troubles, including the Iran-contra affair. 5. describe the end of the Cold War and its consequences for U.S. foreign and domestic policy. d. Glossary To build your social science vocabulary, familiarize yourself with the following terms. 1. estate tax A tax levied against the property of a deceased person . “…Congress…virtually eliminated federal estate taxes…” 2. recession A temporary decline of business activity accompanied by rising unemployment; less severe and prolonged than a depression. “…the economy slid into its deepest recession since the 1930s.” 3. red ink Referring to a deficit in a financial account, with expenditures or debts larger than income or assets. “Ironically, this conservative president thereby plunged the government into a red-ink bath of deficit spending.” 4. oligarchs A small, elite class of authoritarian rulers. “…the aging oligarchs in the Kremlin….” 5. indictment In law, a formal statement of charges of legal violations presented by a prosecutor. “Criminal indictments were later brought against several individuals…” 6. welfare state The political system, typical of modern industrial societies, in which government assumes responsibility for the economic well-being of its citizens by providing social benefits. “… Reagan’s highest political objective: the containment of the welfare state.” 7. leveraged buy-out The purchase of one company by another using money borrowed on the expectation of selling a portion of assets after the acquisition. “A wave of mergers, acquisitions, and leveraged buy-outs….” 8. double-agent An espionage agent who betrays his original government and secretly serves the interests of the state that he was assigned to infiltrate. “…it was disclosed that double-agents had sold secrets to the Soviets during the Cold War years. .” 1
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PART II: Checking Your Progress A. True- False When the statement is true, make T . Where it is false, mark F , and correct it in the space immediately below. ___ 1. Conservative Christian groups provided an important component of Reagan’s “new right” coalition. ___ 2. The Supreme Court’s Bakke decision upheld the principle of racial quotas in higher education admissions. ___ 3. Once in office, Reagan backed away from most of his ideologically conservative election promises
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Sg43 - Study Guide Chapter 43 The Resurgence of...

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