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Chapter 43 - The Resurgence of Conservatism

"supply-side economics"

The nickname given to the type of economy that Ronald Reagan brought before Congress. It involved, among other things, a 25% tax cut that encouraged budgetary discipline and would hopefully spur investments. However, the plan was not a success and the economy was sent into its deepest recession since the 1930's.

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Walter Mondale

He was the vice president of Carter and when he won the democratic nomination he was defeated by a landslide by Reagan. He was the first presidential candidate to have a woman vice president, Geraldine Ferraro.

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Anwar Sadat

President of Egypt; Carteer invited Sadat and Israel's Menachem Begin to a conference at Camp David; the two signed an agreement that served as a step toward peace between Egypt and Israel.

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Ronald Reagan

Ronald Reagan was first elected president in 1980 and elected again in 1984. He ran on a campaign based on the common man and "populist" ideas. He served as governor of California from 1966-1974, and he participated in the McCarthy Communist scare. Iran released hostages on his Inauguration Day in 1980. While president, he developed Reagannomics, the trickle down effect of government incentives. He cut out many welfare and public works programs. He used the Strategic Defense Initiative to avoid conflict. His meetings with Gorbachev were the first steps to ending the Cold War.

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Edward Kennedy

He is a Senator from Massachusetts and the last of the Kennedy brothers. In 1979, he said that he was going to challenge Carter for the Presidency, but an incident back in '69 with a car crash, handicapped his decision.

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