Chapter 41 Terms

Chapter 41 Terms - Chapter 41 Terms 1. Voodoo economics...

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Chapter 41 Terms 1. Voodoo economics – Reagan promised an "across the board" reduction in income tax rates and an even larger reduction in capital gains tax rates. In the 1980 election, George H.W. Bush derided Reagan's supply-side policies as "voodoo economics" 2. George McGovern – South Dakota Senator that was spurred to rise by the Vietnam conflict to the 1972 Democratic nomination. McGovern’s promise to pull the remaining American troops out of Vietnam in 90 days earned him the backing of the large antiwar element in the party but his appeal to racial minorities, feminists, leftists, and youth alienated the traditional working-class backbone of his party. However it was soon discovered that McGovern’s running mate, Thomas Eagleton, had undergone psychiatric care and virtually doomed McGovern’s candidacy. 3. Boll Weevil Democrats – Reagan worked naturally in harness with the Republican majority in the Senate but to get his way in the Democratic House he undertook some old-fashioned politicking. He enterprisingly wooed a group of mostly southern conservative Democrats (boll weevils) who had abandoned their own party’s leadership to follow the president. 4. “The focus of evil” – Reagan was vehemently opposed to the Soviet Union and in a later speech he characterized the Soviet Union as the “focus of evil in the modern world.” 5. Strategic Defense Initiative (SDI) – Reagan’s high-technology missile-defense system popularly known as Star Wars. The plan called for orbiting battle stations in space that could fire laser beams. By emphasizing defense rather than offense SDI upset four decades of strategic thinking about nuclear weaponry. Many experts remained deeply skeptical about the plan. 6. Mikhail Gorbachev – charismatic new Soviet leader installed as chairman of the Soviet Communist party in March 1985. He was personable, energetic, imaginative, and committed to radical reforms in the Soviet Union. He announced two policies with remarkable even revolutionary implications. 7. Glasnost – “openness” aimed to ventilate the secretive repressive stuffiness of Soviet society by introducing free speech and a measure of political liberty. 8.
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Chapter 41 Terms - Chapter 41 Terms 1. Voodoo economics...

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