High inflation,rising unemployment,high budget deficit,world recession
2 of 21
What did Reagon introduce?
Series of economic reforms which obtained the nickname Reagonomics
3 of 21
He slashed income tax hoping to?
encourage people to spend and create jobs
4 of 21
He slashed welfare programmes by $20 billion a year for three years, returning to the idea of?
Rugged individualsim
5 of 21
He cut taxes at a time when government expenditure increased and?
This caused the national debt grow
6 of 21
1987 saw the worst stock market crash since 1929 and?
the US began to edge into recession
7 of 21
President Bush continued with Reagan's domestic policies but?
he faced severe economic problems
8 of 21
The budget deficit had trebled in size between?
1980 and 1990
9 of 21
Bush was forced to go back on election promises and increase?
indirect taxes and impose new taxes on the wealthy
10 of 21
The budget deficit continued to grow, for example?
In 1922 it was calculated that 14 percent of all Americans lived in poverty
11 of 21
What two acts did Bush pass in 1992?
A disability act which forbade discrimination based on disabilty and clean air act
12 of 21
There was serious riots in 1992 in?
Los Angeles ,Atlanta ,Birmingham , Seattle and Chicago
13 of 21
What does budget deficit mean?
When a goverment spends more money that it reveives through taxes and has to borrow
14 of 21
What does Reaganomics mean?
The economic polices of President Reagan in the 1980's
15 of 21
What does National debt mean?
Money owed by the goverment
16 of 21
Unlike,Reagon and Bush , Clinton was a Democrat who promised more direct action from?
The federal government to tackle the countries economic problems.
17 of 21
What were the three key features to his domestic polices?
Abandon Reaganomics, Welfare Reform, Scandals
18 of 21
How did he abandon Reaganomics?
He increased federal government spending,increased taxes and reduced the national debt-policies which helped to bring sustained economic growth
19 of 21
How did he deal with welfare reforms?
In 1996 he introduced a minimum hourly wage, his Health Security Bill which aimed to set up a system of universal health insurance was rejected by Congress.
20 of 21
How did he deal with Scandals?
An investigation into the Whitewater scandal of 1996 revealed that Clinton had been having an affair with Monica Lewsinky . a former member of the White House staff. He was threatened with impeachment
21 of 21
Other cards in this set
Card 2
Front
What severe economic problems did he inherit?
Back
High inflation,rising unemployment,high budget deficit,world recession
Card 3
Front
What did Reagon introduce?
Back
Card 4
Front
He slashed income tax hoping to?
Back
Card 5
Front
He slashed welfare programmes by $20 billion a year for three years, returning to the idea of?
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