The 1980's

Targets: • Identify the economic theory of

"Reaganomics." • Evaluate whether "Reaganomics" was

successful in stimulating the economy.

Reaganomics: Reaganomics was the most serious attempt to change the U.S. economy since The New Deal.

It was based on the theory of supply-side economics (trickle down theory). It argued that lowering the top income tax rates would spur economic growth.

Reaganomics had 4 major objectives:

• reduce the growth of government spending

• reduce the marginal tax rates on income from both labor and capital

• reduce regulations (television, trucking, airlines, and banking)

• reduce inflation by controlling the growth of the money supply

It was thought that people would invest their tax savings in business,

which would create jobs, increase consumer spending,

and eventually generate increase tax revenues.

"Only by reducing the growth of government, can we increase the growth of the economy" - Reagan

Reaganomics: Congress responded to Reagan's plan by passing a 3 year plan to cut federal

income taxes by 25%. It was passed in 1981

By 1983 reaganomics began to turn the economy around. The inflation rate dropped to 4%. By a response to this development Americans increased their spending during the mid 1980s. Many businesses were revived, the stock market soared.

Reaganomics: Not all Americans benefited from the recovery. Because there were many deep

cuts in government spending for social programs, it hurt the poorest citizens.

Joblessness remained high, although employment rose overall. Unemployment of factory workers in the Midwest remained high.

Targets:• Summarize President Reagan's approach to

dealing with the Soviet Union

• Explain the collapse of the Soviet Union and the end of the Cold War

Approach to the Soviet Union• Containment = defensive strategy to limit spread of

Soviet power

• Reagan Doctrine: a offensive strategy to oppose the global influence of the Soviet Union in Africa, Asia, and Latin America

• Included open and private support to guerrilla warfare and resistance movements

Approach to the Soviet Union• US began an expensive military build up to expose

weaknesses of the Soviet economyo Soviet Union would not be able to keep up with the US in

an expensive arms raceo Arms Race = competition for superiority in weaponso The US also led a policy of disarmament: an attempt to

restrict the Soviets from getting access to new weaponry

• The buildup had 3 objectives: 1) strengthening the military in case of war, 2) telling European allies the US wouldn't leave them, and 3) encourage the Soviets to bargain with the US

Approach to the Soviet Union• Reagan's ideal world was on free of nuclear weapons

and the threats they pose to the world

• Although we were in an arms race, he wanted to reduce the amount of nuclear weapons each nation had & declared this at "START" or "Strategic Arms Reduction Talks"

• Nuclear Defense Initiative: to create a space-based defense program against nuclear missiles that could be shot out of the sky by satellites

Approach to the Soviet UnionReagan's Plan:There were 4 components...1) Shape the US economy2) Strengthen US defense capabilities3) Have a comprehensive domestic program4) Reconstruct US foreign policy2 goals:1) Change the Soviet system2) Roll back Soviet advances and conquests outside its borders (expansion)Ending the Cold War Video

Collapse of the Soviet Union• Gorbachev came to power with new reforms:

1) Perestroika - restructuring of political and economic systems

2) Glasnost - increased openness and discussion of political and social issues

• His reforms led to economic turmoil

• The Soviets were unable to maintain the costs of supporting other communist gov't's so they proclaimed a policy of nonintervention in E. Europe

• Communist gov't's in satellite nations fell

• Gorbachev resigned & Borris Yeltsin took over

• Commonwealth of Independent States (CIS) was formed

End of the Cold WarMany factors contributed to the end...1) The Soviet war with Afghanistan2) The economic turmoil & inability to maintain

an expensive arms race with the US3) Opening of the Berlin Wall (Germany was

reunited)4) Hungary, Bulgaria, the Czechoslovak

Socialist Republic, Romania all abandoned communist gov't's

Historical EventsTargets- Relate the 1980' Olympics to the

events of the Cold War and explain the boycott of the Summer games

-Examine key events of the 1980's

Challenger Explosion• The United States and Soviet Union were

not only in a Nuclear arms race but also a race to get man into space and on the moon.

• Time was wasting away for the US because The Soviet Union was able to get a satellite into space with "Sputnik"

NASA began to develop a spacecraft and assemble a crew

Challenger • The United States drafted a school teacher

as well as a crew to prove that even an average citizen could enter space.

• The Challenger lifted off on January 28, 1986 but quickly showed the US should have taken more time into the exploration

• Nearly 73 seconds into the voyage the Challenger exploded over the Atlantic ocean destroying the shuttle and killing the crew members

CREW• The explosion was caused by a loosened branch that

allowed pressurized gas to enter the shuttle.

• The crew and Challenger are remembered as 7 brave individuals that lost their lives to a rushed experiment for the good of America's advancement

http://www.youtube.com/watch?v=6JkSnnDMWBU

1980 Summer Olympics• One of the most historical events in the

1980s was the boycott of the 1980 summer games held in Moscow

Why Boycott?• The US and Soviet Union were in the Cold

war• US wanted to do anything to stop the spread

of communism and keep it as contained as possible

• President Carter responded to the Soviet Union deploying troops into Afghanistan by starting operation "Cyclone"

Operation Cyclone• supported and aided all Militant Islamic

groups that were fighting the current Marxist government

• The United States wanted to keep communism contained and aiding the militant groups especially the Mujahedin would although be costly be effective.

Olympic Games• President Carter would soon announce that

The United states would not participate in the games held in moscow.

• Quickly, The US influenced many democratic nations to also boycott the summer games

• A total of 61 countries chose not to participate in the games.

...• Ragan met with some of the athletes and

proceeded to explain why he chose to prevent the United States from participating.

"I understand how you feel however what we are doing is preserving the principles and quality of the Olympics not Destroying it" - Ronald Reagan-

1980's Sports• Although the Summer olympics were

skipped out from the United States there was many athletes that shined during this decade

AthletesJerry Rice, Michael Jordan and Carl

Lewis are arguably some of the best athletes to play their respective sports.

• Jerry Rice helped lead the 49ers to 3 super bowls in the 80's and was MVP of Super Bowl XXIII

• The 49ers were known as "The 80's team" with dynamic duo quarterback Joe Montana and wide receiver Jerry Rice

Rice caught 66 touchdowns in the decade along with 4 rushing touchdowns and is one of the best players to ever play wide receiver in the NFL

Carl Lewis• Lewis can be looked at as

one of the best track and field athletes ever to compete

• Lewis held world records in the 100m, 200m and long jump and was voted athlete of the year by Track and Field News in 1982 ,1983 and 1984

• Lewis won 10 olympic medals of which 9 were Gold medals

Michael Jordan• Michael Jordan was drafted by the Chicago

Bulls and scored an average of 28.2 ppg as he lead the Bulls into the playoffs

• Although Jordan was subdued to an ankle injury for his next season Jordan became an icon and signed a deal to make a commercial with gatorade to promote and set off a huge company of sports drinks

http://www.youtube.com/watch?v=IpfzaqIuR34

Jordan• Jordan soon became the first player

since Wilt Chamberlain to score more than 3000 points in a season and started to enter the peak of his career.

• Nike soon contacted Jordan and began negotiations with completing a deal

• Soon the Air Jordan brand emerged and skyrocketed to exceed all expectations

• Jordan was a player that was highly influential to Americans

• Jordan showed that through hard work anyone can be successful and Americans embraced his talent and swagger

Sandra Day O'Connor• During the Reagan campaign

Sandra Day O'Connor was selected to be on the Supreme Court of Justice

• O'Connor was the first woman ever to be part of the supreme court and was a huge role of representing women

• O'Connor proved to be an icon of women being respected and viewed equal to men

Sandra Day O'Connor• Sandra day O'Connor

attended Stanford University of Law but was expected to be a very conservative justice.

• To the surprise of many O'Connor delivered deciding votes on numerous court split cases

TV and Film:

TV and Film:

Inventions & Discoveries

Inventions & Discoveries• Human Genome Project

• Internet

• Windows Software

Works Citedhttp://inventors.about.com/od/timelines/a/modern_4.htm

science.howstuffworks.com/innovation/inventions/5-cool-inventions-from-the-1980s10.htm

www.history.com/topics/invention-of-the-internet

www.ornl.org/sci/techresources/Human_Genome/home.shtml

www.econlib.org/library/Encl/Reaganomics.html

www.wikipedia.org/wiki/The_Golden_Girls

www.wikipedia.org/wiki/The_Cosby_Show

www.wikipedia.org/wiki/Back_to_the_Future

www.wikipedia.org/wiki/The_Breakfast_Club