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Reagan’s policies inspired a speculative frenzy that enriched architects of corporate takeovers and investors in the stock market while leaving in their wake plant closings, job losses, and devastated communities. Nothing proved more threatening to local traditions or family stability than deindustrialization, insecurity about employment, and the relentless downward pressure on wages. Nothing did more to undermine a sense of common national purpose than the widening gap between rich and poor.l.The Election of 1988i.Why was the Election of 1988 a “low point” for politics?●The election was a low point because of a television ad deceiving the threatening image of Willie Horton, a black murderer and rapist who had been furloughed from prison during Dukakis term as governor of Massachusettsii.Who won the election of 1988?1.Why were social issues associated with the sexual revolution so contested by all sides?2.What were continuing challenges to the cohesiveness of the Democratic (New Deal) coalition? What were the consequences of those divisions?3.What were the main features of Nixon's policy of "realism: in dealing with China and the Soviet Union?