Unit 9 A Nation among Nations –          1980 to today    Section 1: It’s Morning Again in   America: Ronald Reagan & the ...
Essential Questions• How was Ronald Reagan able to win the  confidence of the American people? Did he  deliver on his prom...
Reagan’s Clarity•   Strong Defense•   Cut taxes•   Cut Spending•   Balance the Budget
Economic PhilosophyOLD                     NEW• Keynesian Economics   • Chicago School• “Demand Side”         • “Supply Si...
Political Interpretation of Laffer CurveMaximumRevenueNo revenue             0%     Tax Rates        100%
Effect of Reagan on US Political Culture                     USLeft              Pre-1981;                           Right...
RealignmentNew Deal Coalition         Reagan Coalition• Democratic South         • Midwest small towns• African-Americans ...
The Iran Contra ScandalPrivate US $Foreign Gov’t $                                           Contras                      ...
“The Culture Wars”•   Abortion•   Immigration•   Affirmative Action•   Bilingual Education•   Multiculturalism•   Communis...
Section 2WALLS COME TUMBLING’ DOWN:HYPERPOWER & GLOBALIZATION
Essential Questions• Was America responsible for the fall of Soviet  and Eastern European communism?• How did the end of t...
Gorbachev• With economic and political reforms  obviously needed, Soviet premier  Mikhail Gorbachev initiated  perestroika...
Collapse of the Soviet Empire• Revolutions broke out  throughout eastern  Europe as people  overthrow communist  dictators...
Collapse of the Soviet Empire• Beginning in August 1991, Soviet  republics began declaring their  independence from the US...
End of the Bipolar World• The demise of the Soviet Union left the US as the  world’s sole superpower• Without the danger o...
Section 39/11 AND THE “WAR ON TERRORISM”:A COST/BENEFIT ANALYSIS
Essential Questions• Why did the U.S. invade Iraq and Afghanistan?• Has the “War on Terrorism” made Americans  more secure?
September 11th, 2001          • Attack on World Trade            Center          • Nearly 3,000 dead          • Islamic fu...
Invasion of Iraq, 2003--???• Bush administration tied 9/11 attacks, Bin  Laden and Al Qaeda to Iraq and Saddam  Hussein  –...
Section 4TECHNOLOGICAL BREAKTHROUGHS &FINANCIAL HIJINKS: AMERICA AND THEGLOBAL ECONOMY FROMDEREGULATION TO THE GREATRECESS...
Essential Questions• How did the information technology  revolution change Americans’ lives?• Why did the American economy...
The rapid advance of social networks                                   such as Facebook, Twitter, and others              ...
Factors Contributing to the 2008             Financial Crisis• FACTOR 1: Beginning in the mid-  1990s, government regulati...
20%             25%                   30%                         35%                               40%                   ...
10%                       15%                             20%                                   25%       0%            5%...
Leverage Ratios (June 2008)        Freddie Mac                                    67.9         Fannie Mae                 ...
100%                                      120%                                             140%       20%             40% ...
0%                         1%                              2%                                   3%                        ...
Unit 9 a nation among nations 1980 to today
Unit 9 a nation among nations 1980 to today
Unit 9 a nation among nations 1980 to today
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Unit 9 a nation among nations 1980 to today

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Unit 9 a nation among nations 1980 to today

  1. 1. Unit 9 A Nation among Nations – 1980 to today Section 1: It’s Morning Again in America: Ronald Reagan & the Neo- Conservative Ascendance
  2. 2. Essential Questions• How was Ronald Reagan able to win the confidence of the American people? Did he deliver on his promises?• How do we explain the “culture wars” of the 1980s?
  3. 3. Reagan’s Clarity• Strong Defense• Cut taxes• Cut Spending• Balance the Budget
  4. 4. Economic PhilosophyOLD NEW• Keynesian Economics • Chicago School• “Demand Side” • “Supply Side” Economics Economics• New Deal • Reaganomics (The Reagan Revolution)
  5. 5. Political Interpretation of Laffer CurveMaximumRevenueNo revenue 0% Tax Rates 100%
  6. 6. Effect of Reagan on US Political Culture USLeft Pre-1981; Right New Deal Reagan era and Great Society eraLeft-right defined as accepted level of government intervention in the economy: right = less intervention left = more intervention
  7. 7. RealignmentNew Deal Coalition Reagan Coalition• Democratic South • Midwest small towns• African-Americans • Wealthiest Americans• Union members • Hawks on foreign policy• Urban North • Blue Collar in North and• Immigrant/newer ethnic Midwest (union and non- groups union)• Farmers • White Southerners • Evangelicals • Yuppies
  8. 8. The Iran Contra ScandalPrivate US $Foreign Gov’t $ Contras Swiss bank accounts; controlled $$$ by North Hostages Iran weapons weapons US Israel
  9. 9. “The Culture Wars”• Abortion• Immigration• Affirmative Action• Bilingual Education• Multiculturalism• Communism• Homosexuality• Taxation• Church and State
  10. 10. Section 2WALLS COME TUMBLING’ DOWN:HYPERPOWER & GLOBALIZATION
  11. 11. Essential Questions• Was America responsible for the fall of Soviet and Eastern European communism?• How did the end of the Cold War change American foreign policy and economic policy? Who were the winners, the losers?
  12. 12. Gorbachev• With economic and political reforms obviously needed, Soviet premier Mikhail Gorbachev initiated perestroika (the “restructuring” or decentralizing of the economy) and glasnost (an “opening” of the Soviet society to public scrutiny)• Gorbachev’s reforms proved difficult to implement and unleashed hostility from the old order it threatened, long suppressed criticism, and ethnic and nationalist separatism• By the summer of 1990, Gorbachev’s reforms had spent themselves
  13. 13. Collapse of the Soviet Empire• Revolutions broke out throughout eastern Europe as people overthrow communist dictators in places like Poland, Bulgaria, and Romania and countries such as Czechoslovakia and Yugoslavia broke apart• The Berlin Wall came down on November 9, 1989 and East and The 1989 Romanian Revolution was a West Germany united in violent overthrow of the communist 1990 regime of Nicolae Ceauşescu
  14. 14. Collapse of the Soviet Empire• Beginning in August 1991, Soviet republics began declaring their independence from the USSR• Also in August, a group of conspirators representing dissatisfied elements of the Communist Party, the KGB, and the military attempted to seize power while Gorbachev was on vacation• Boris Yelstin crushed the coup, but himself replaced Gorbachev• By the end of 1991, the USSR had AP photo of Boris Yelstin atop ceased to exist an armored personnel carrier encouraging resistance to the coup
  15. 15. End of the Bipolar World• The demise of the Soviet Union left the US as the world’s sole superpower• Without the danger of a superpower confrontation, the US was now more free to use its military power• Additionally, new opportunities for cooperative international efforts would become possible without the bipolar competition• This new dynamic would be tested when Iraq invaded Kuwait in 1990
  16. 16. Section 39/11 AND THE “WAR ON TERRORISM”:A COST/BENEFIT ANALYSIS
  17. 17. Essential Questions• Why did the U.S. invade Iraq and Afghanistan?• Has the “War on Terrorism” made Americans more secure?
  18. 18. September 11th, 2001 • Attack on World Trade Center • Nearly 3,000 dead • Islamic fundamentalists attacked symbol of economic and cultural imperialism OR economic freedom and opportunity… • Bush became a “War President” • Osama Bin Ladin
  19. 19. Invasion of Iraq, 2003--???• Bush administration tied 9/11 attacks, Bin Laden and Al Qaeda to Iraq and Saddam Hussein – No ties, no links• Global terrorist threat and “Axis of Evil”• Remake the Middle East into pro-Western democracies favorable to the US• “Mission Accomplished”• War dragged on…Where’s Bin Laden?• Several trillion dollars
  20. 20. Section 4TECHNOLOGICAL BREAKTHROUGHS &FINANCIAL HIJINKS: AMERICA AND THEGLOBAL ECONOMY FROMDEREGULATION TO THE GREATRECESSION
  21. 21. Essential Questions• How did the information technology revolution change Americans’ lives?• Why did the American economy come dangerously close to falling into another depression in late 2008?
  22. 22. The rapid advance of social networks such as Facebook, Twitter, and others has led to dramatic changes in everyday life. These technologies have also sparked intense debate over issues of personal privacy, intellectual property, and copyright provisions.Originally developed by themilitary, the Internet was laterused to connect scholars andU.S. research universities.Beginning in 1995, the Internetbecame commercialized andavailable for individual use.
  23. 23. Factors Contributing to the 2008 Financial Crisis• FACTOR 1: Beginning in the mid- 1990s, government regulations began to erode the conventional lending standards.• FACTOR 2: The Fed’s manipulation of interest rates during 2002-2006• FACTOR 3: An SEC Rule change adopted in April 2004 led to highly leverage lending practices by investment banks and their quick demise when default rates increased.• FACTOR 4: Doubling of the Debt/Income Ratio of Households since the mid-1980s.
  24. 24. 20% 25% 30% 35% 40% 45% 50%19 9019 9119 9219 9319 9419 9519 9619 9719 9819 9920 0020 0120 0220 03 Outstanding Mortgages20 0420 0520 06 Freddie Mac/Fannie Mae Share of20 0720 08
  25. 25. 10% 15% 20% 25% 0% 5%19 9019 9119 9219 9319 9419 9519 9619 9719 9819 9920 0020 0120 0220 03 (ARM) Outstanding20 0420 0520 06 Adjustable Rate Mortgage Loans20 0720 08
  26. 26. Leverage Ratios (June 2008) Freddie Mac 67.9 Fannie Mae 21.5Brokers/hedge Funds 31.6 Savings institutions 9.4 Commercial banks 9.8 Credit unions 9.1 0 20 40 60 80
  27. 27. 100% 120% 140% 20% 40% 60% 80%19 5319 5519 5819 6019 6319 6519 6819 7019 7319 7519 7819 8019 8319 8519 8819 90 Personal Income19 9319 9519 9820 00 Household Debt to Disposable20 0320 0520 08
  28. 28. 0% 1% 2% 3% 4% 5% 6% 19 98 19 98 19 99 19 99 20 00 20 00 20 01 20 01 20 02Fixed 20 02 20 03 20 03Adjustable 20 Mortgages 04 20 04 20 05 20 05 20 06 20 06 Foreclosure Rates On Subprime 20 07 20 07

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