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15 Vocabulary Supply side economics Reaganomics Strategic Defense Initiative (SDI) Sandinistas Contras Glasnost Perestroika Iran-Contra Affair Moral Majority Black Monday Operation Desert Storm Americans with Disabilities Act Ronald Reagan Margaret Thatcher Mikhail Gorbachev Saddam Hussein Nelson Mandela Boris Yeltsin Sandra Day OConnor Norman Schwarzkopf

Supply side economics - a school of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services, such as lowering income tax and capital gains tax rates, and by allowing greater flexibility by reducing regulation. Reagonomics - The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and control the money supply in order to reduce inflation Strategic Defense Initiative (SDI) Use of ground and space-based systems to protect the United States from attack by strategic nuclear ballistic missiles. Sandinistas - members of a left-wing Nicaraguan political party Contras - label given to the various rebel groups opposing the Sandinista Junta of National Reconstruction government in Nicaragua that were active from 1979 through to the early 1990s Glasnost - policy that called for increased openness and transparency in government institutions and activities in the Soviet Union. Introduced by Mikhail Gorbachev in the second half of the 1980s, and is often paired with Perestroika (literally: Restructuring), another reform instituted by Gorbachev at the same time. Perestroika - political movement for reformation within the Communist Party of the Soviet Union during the 1980s (1986), widely associated with Soviet leader Mikhail Gorbachev and his glasnost (meaning "openness") policy reform Iran-Contra Affair - a political scandal in the United States that came to light in November 1986. During the Reagan administration, senior administration officials secretly facilitated the sale of arms to Iran, the subject of an arms embargo. Moral Majority - a prominent American political organization associated with the Christian right. It was founded in 1979 and dissolved in the late 1980s.

Black Monday - refers to Monday October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. Operation Desert Storm - a war waged by a U.N.-authorized Coalition force from 34 nations led by the United States, against Iraq in response to Iraq's invasion and annexation of Kuwait. Americans with Disabilities Act - The ADA is a wide-ranging civil rights law that prohibits, under certain circumstances, discrimination based on disability. Ronald Reagan - the 40th President of the United States. Prior to that, he was the 33rd Governor of California, and a
radio, film and television actor. His wife was Nancy Reagan.

Margaret Thatcher - Prime Minister of the United Kingdom of the 20th century, and the only woman ever to have held the post. Mikhail Gorbachev - former Soviet statesman, having served as General Secretary of the Communist Party of the Soviet
Union from 1985 until 1991, and as the first president of the Soviet Union from 1988 until its dissolution in 1991.

Saddam Hussein - the fifth President of Iraq, serving in this capacity from 16 July 1979 until 9 April 2003. Nelson Mandela - South African anti-apartheid activist, revolutionary and politician who served as President of South
Africa from 1994 to 1999, the first to be elected in a fully representative, multiracial election.

Boris Yeltsin - a Russian politician and the first President of the Russian Federation, serving from 1991 to 1999. Sandra Day OConnor First woman to be appointed to the Supreme Court. Norman Schwarzkopf - a United States Army general. While serving as Commander of United States Central Command,
he was commander of all coalition forces in the Persian Gulf War. Also referred to as Storman Norman.