Balanced budget: when your income is the same as you spending rate

Cartel: A group (of countries) working together to promote economic interests.

Contras: a group trying to overthrow Orlega’s(leader of nicaragua) gov’t

Deficit: when a gov’t spends more money than it takes in

Double digit inflation: Rise in general level of prices by 10% or more

Glasnost: openness in the gov’t in the soviet union, more free speech

Perestroika: Restructures the gov’t and economy, farm/ factory workers have a say in policy, free elections. Privatize industries

Pork barrel legislation: A bill that benefits 1 part of the country

Privatize: to transfer ownership of an industry from gov’t ownership to private ownership

Surplus: income more than spending rate

people

*Walter mondale- carter's Vice president, ran against reagan in 84

Mohammed reza pahlavi- Shah of iran

Muammer Qaddafi- leader of libya

*Mikhail Gorbaehev- Soviet dictator, made new policies

*John Hinckley- attempted to assassinate reagan

Ronald Reagen- President of the US in 80 and 84

Jimmy Carter- president of the US in 76

James Watt- secretary of interior

*Geraldine Ferraro- ran against reagan as vice president in 84, 1st female to run for vice president in a major party

*Gerald Ford- president from 74 to 76

*Alexander Haig- secretary of state, said he was in charge when reagan was shot, got fired

*Daniel Ortega- leader of nicaragua, marxist

Ayatollah Khomeni- exiled leader of iran, came back when mohammed reza pahlavi left.

*Sandra Day O’Conner- 1st women in supreme court

*Anton Scalia- in supreme court

*Anthony Kennedy- in supreme court

*James brady- shot by john hinckley bullet was meant to shoot reagan

*Menachem Begin- president of Israel

*Anwar Sadat- president of egypt

Short answer questions

Lockerbie, Scotland-

Pan Am flight 103

London to US

Plane exploded over lockerbie scotland

259 passengers killed

11 people on the ground killed

Bomb planted by 2 men from Libya

Reykjavik-

gorbachev wanted to stop the nuclear arms race

He wanted to meet at Reykjavik

Reagan refuses to give up the idea of star wars/SDI (strategic defense initiative)

Star wars-

US defense missiles blow up soviet missiles in space

Vienne/ Rome-

Terrorists opened fire

20 people killed

5 americans

1- 11 year old girl

Achille Lauro-

Italian cruise ship

Hijacked

One american killed(was in a wheelchair)

Hijackers surrendered

Sent to egypt

Egypt promised to send hijackers to italy

American fighter jets escorted plane to italy

Beirut, Lebanon-

Explosion at US embassy

16 dead

Evil empire-

what US president Reagan called the ussr

Reagan 1st-

1st actor president

1st divorced president

Oldest elected president

Iran contra scandal-

Lebanon:

Americans Kidnapped by hezbollah

Hezbollah is funded/ influenced by iran

Iran:

Influenced hezbollah

1980- 1988 iran- iraq war

Secretly buys weapons from US

US

Americans were kidnapped in lebanon

Americans sold weapons to iran Secretly/ illegally

Giving money to contra from Iran arms sale

Nicaragua

Daniel ortega (leader)

Marxist

[1820- monroe doctrine: US will defend western hemisphere from enemies]

Contra- trying to take over the Orlega’s gov’t (vocab word)

Money from weapons sales to Iran is given to the contra

Invasion of Grenada-

US invaded Grenada (a caribbean island)

To boost Americas pride/morality

To flex our “military muscle”or to show that we have power