Reagan+Admin+Guided+Q's

Name _________________________________________ Due Date ______________________________ The Reagan Administration Reaganomics & The Iran-Contra Scandal __Reaganomics__ Pg. 1040   Why did President Reagan want to reduce the size and influence of the federal government? Which entitlement programs were kept intact to help the middle class? Which social programs, meant to help lower income Americans, were cut by Reagan’s economic policies? According to supply side economics, what would people do with the money they saved because of federal tax cuts? What would banks and businesses do? Although President Reagan wanted to reduce federal spending, how much federal money was spent on the Strategic Defense Initiative? Although America was experiencing the worst recession since the Great Depression, which 3 factors actually increased people’s confidence and encouraged them to spend money? Why did the stock market crash in 1987? Which socio-economic group actually benefitted from the federal tax cuts? How did Reagan’s administration defend their “Trickle Down Theory”? What was the impact of Reagan’s economic policies on the federal budget? __The Iran-Contra Scandal__ Pg. 1058   In 1983, what did Iranian terrorists do to Americans that were in Lebanon? How did President Reagan respond to that event? Why were Americans shocked by the President in 1986? What did the Iran government promise to do help the Americans being held hostage? What did members of the Reagan administration do with the money from the weapon sales? Who were the Contras in Nicaragua? (see pg. 1057) Why was Lt. Col. Oliver North put on trial by the special committee of both Houses of Congress? How did North defend himself? How did the TV help to convey this image? How did North implicate the president had some knowledge of what was going on? Once North was found guilty for his involvement in the scandal, how was he punished for his crimes?