2. The End of the Cold War
ยท Mikhail Gorbachev became the leader of the
Soviet Union
ยท Both leaders wanted to end the Cold War
ยท Soviet Union fell apart
3. Berlin Wall Comes Down
o Symbolized the end of communism
in Russia and Eastern Europe
4. Iran-Contra Affair
ยท Iran and Iraq were at war
ยท Reagan asked other countries not to sell weapons to Iran
ยท Reagan administration secretly sold weapons to Iran and
gave the money to the Contras, a rebel group in Nicaragua
ยท Oliver North and others were convicted, but later pardoned
by Bush
ยท Reagan denied involvement
5. First Female Supreme Court Justice
Sandra Day OโConnor
ยท Appointed by President Reagan
6. Supply Side Economics
โ Idea that tax cuts to businesses, wealthy will stimulate
economic growth
โ โTrickle downโ to lower classes
โ Theory has not been proven to work but that has not
stopped its popularity within the Republican Party
โ Reagan favored these tax cuts during his administration.