USH Module 8 Wrap Up Bellwork

What economic theory was Reaganomics based on?

• Supply-side economics

• Keynesian economics

• Trickle-up economics

• Protectionism

Match each policy or group with its goal or belief.

• Reaganomics

• Promote Christian values, school prayer

• New Right

• Lower taxes and reduce government spending

• Moral Majority

• Smaller government, anti-communism

• New Federalism

• Shift power to states through block grants

Reagan’s belief in ​ (a)   led to tax cuts and deregulation, while his increased ​ (b)   spending contributed to national deficits.

• limited government
• military
• social programs
• environmental
• education
• middle class
• social justice

Sort each foreign policy into Cold War or Post-Cold War policy focus.

Groups:

(a) Cold War

,

(b) Post-Cold War

• Operation Desert Storm

• Strategic Defense Initiative

• Confronting the “Evil Empire”

• Peacekeeping missions

Put these major US policy events in chronological order

• “Tear Down This Wall”

• Persian Gulf War

• 9/11 Attacks

• Affordable Care Act passed

“In this present crisis, government is not the solution to our problem; government is the problem.”

• President Ronald Reagan, Inaugural Address, 1981

• This quote best reflects which belief?

• Support for expanding New Deal programs

• Advocacy for increased military drafts

• Calls for global isolation

• Conservative views favoring limited government

What was the outcome of the Iran-Contra Affair?

• Weapons were sold to Iran and profits secretly funded Nicaraguan rebels

• Reagan was impeached and removed from office in disgrace and scandal

• Congress banned all arms sales to any unofficial government entities

• It ended the Cold War and left the Soviet Union to influence South America

Match each president with a major economic action.

• Ronald Reagan

• Passed major tax cuts and imposed massive tariffs

• Donald Trump

• Enacted tax cuts and increased military spending

• Barack Obama

• Signed the Affordable Care Act

• George W. Bush

• Responded to 9/11 and 2008 recession

• Bill Clinton

• Balanced the federal budget

What was the main purpose of NAFTA?

• Limit trade with Asia and prevent the spread of Democracy

• Create a military alliance between the U.S., Mexico, and Canada

• Increase free trade between the U.S., Mexico, and Canada

• Raise tariffs on exports to all countries unless they agree to be a territory of the U.S.

Match each economic trend to its description.

• Sunbelt Migration

• Shift to right-to-work states, less union power

• Globalization

• Global trade and technology interconnection

• Service Sector Growth

• Replaced many manufacturing jobs

• Baby Boomer Retirement

• Stress on Social Security system