Chapter 31 Terms – Flashcards

is a macroeconomic theory which argues that economic growth can be most effectively created by investing in capital, and by lowering barriers on the production of goods and services

Deregulation is the process of removing or reducing state regulations typically in the economic sphere. It is the undoing or repeal of governmental regulation of the economy.

The Strategic Defense Initiative (SDI), also known as Star Wars, was a program first initiated on March 23, 1983 under President Ronald Reagan. The intent of this program was to develop a sophisticated anti-ballistic missile system in order to prevent missile attacks from other countries, specifically the Soviet Union.

Mikhail Sergeyevich Gorbachev is a former Soviet statesman. He was the eighth and last leader of the Soviet Union, having served as General Secretary of the Communist Party of the Soviet Union from 1985 until 1991 when the party was dissolved

The Commonwealth of Independent States is a regional organisation formed during the breakup of the Soviet Union, whose participating countries are some former Soviet Republics. The CIS is a loose association of states.

James Earl "Jimmy" Carter, Jr. is an American politician and author who served as the 39th President of the United States from 1977 to 1981

Ronald Wilson Reagan was an American politician and actor, who served as the 40th President of the United States from 1981 to 1989

George Herbert Walker Bush is an American politician who served as the 41st President of the United States from 1989 to 1993, and the 43rd Vice President of the United States.