HIST 357 Lecture Notes - Lecture 22: Korean Air, Boland Amendment, Mikhail Gorbachev
23 May 2017
School
Department
Course
Professor
Document Summary
Economic recovery, massive re-election triumph o o. Interest rates 20%-9. 3: unemployment 7. 2%-5. 5, gdp 2x, 18 million new jobs. 3x national debt: a . 4- trillion increase. 1984 us becomes world"s leading debtor nation. Forced to raise taxes in 1982 and again in 1986 by closing loopholes and increased user fees. billion increase: one of the largest tax increases in history. Economics: hourly wage stagnates, middle class incomes stagnate, average income for bottom half fell 7% o. Share of national wealth of top 1% increased from 22%-30% Reagans policy towards african americans was a rollback: did not appoint many black men or women to positions. 12% total appointments down to 8% were women. Abortion: vows to pass amendment banning abortion, but is flaky, doesn"t really support banning abortion, more political rhetoric. Eventually calls the soviet union, who shot down a korean airliner, an evil empire: middle east-beirut, october 23, 1983. Lebanon had collapsed into civil war, multisided war for power.
