1980s; Reagan's economic program which cut taxes and government regulation in order to increase productivity, in theory it would eventually increase tax revenue as cash flowed in the economy
An economic philosophy that holds the sharply cutting taxes will increase the incentive people have to work, save, and invest. Greater investments will lead to more jobs, a more productive economy, and more tax revenues for the government.
Strategic Defense Initiative
Reagan's Star Wars defense system to shoot down missiles while they're in space
a situation in which a country imports more goods than it exports.
Sandra Day O'Connor
first woman supreme court justice. appointed by Reagan
United States jurist who served as an associate justice on the United States Supreme Court from 1972 until 1986, when he was appointed chief justice (born in 1924)
Mondale's 1984 Democratic running mate, first female vice president nominee
this former VP and Democratic presidential nominee in 1984 only won his home state of Minnesota