Economic Policies and Political Ideologies

The lecture covers the political and economic shifts in the US during the 1980s and 1990s, focusing on the transition to modern political ideologies of liberalism and conservatism. It highlights the dominance of conservative politics under Ronald Reagan, exploring key policies like tax cuts, deregulation, and supply-side economics. The lecture also discusses the historical context of these changes and their lasting impact on American society.

What is the main focus of the lecture on American politics in the 1980s and 1990s?

• The shift towards modern political society

• The role of media in elections

• The impact of technology on politics

• The rise of third-party politics

During the Cold War, what was the primary focus of both Democrats and Republicans?

• Education policies

• Healthcare reform

• Fighting communism

• Environmental issues

Who were the Southern Democrats, and what was their stance?

• A group supporting African-American rights

• A subgroup of Democrats opposing African-American rights

• A faction advocating for environmental policies

• A coalition focused on economic reform

How are the concepts of liberalism and conservatism represented in American politics?

• Liberalism by Republicans, Conservatism by Democrats

• Liberalism by Democrats, Conservatism by Republicans

• Both concepts are represented by third parties

• Neither concept is represented in American politics

What is a key difference between liberalism and conservatism in the late 20th century?

• Liberals favored deregulation, conservatives favored regulation

• Both preferred deregulation

• Liberals preferred government intervention, conservatives preferred free market

• Both favored government intervention

Who was a prominent figure representing conservatism in the 1980s?

• George H. W. Bush

• Ronald Reagan

• Richard Nixon

• John F. Kennedy

What was one of Ronald Reagan's significant legacies during his presidency?

• Tax cuts and deregulation

• Increased government regulation

• Reduction in military spending

• Expansion of social welfare programs

What is privatization, as discussed in the context of Reagan's policies?

• Increased public sector employment

• Private corporations managing public services

• Nationalization of industries

• Government taking over private enterprises

What economic theory did Ronald Reagan support during his presidency?

• Keynesian economics

• Supply-side economics

• Marxist economics

• Monetarist economics

How does supply-side economics propose to increase prosperity?

• By focusing on social welfare programs

• By decreasing taxes to encourage private investment

• By increasing government spending

• By implementing strict regulations