| A | B |
|---|
| supply-side economics | economic theory that lower taxes will boost the economy as businesses and individuals invest their money, thereby creating higher tax revenue |
| budget deficit | the amount by which expenses exceed income |
| "mutual assured destruction" | the strategy assuming that, as long as two countries can destory each other with nuclear weapons, they will be afraid to use them |
| Reaganomics | "trickle-down economics" |
| Iran-Contra scandal | the scandal where Reagan's administration secretly sold weapons to Iran in exchange for the release of American hostages, while sending the money from these sales to the contras |
| Mikhail Grobachev | leader of the Soviet Union in 1985 who agreed to resume arms-control talk |
| yuppie | a young college-educated adult who is employed in a well-paying profession and who lives and works in or near a large city |
| discount retailing | selling large quantities of goods at very low prices and trying to sell the goods quickly to turn over their entire inventory in a short period of time |
| Mothers Against Drunk Driving | an organization fonded to try to stop underage drinking and drunk driving in general |
| AIDS | acquired immune deficiency syndrom; it weakens the immune system, lowering resistance to illnesses |
| Stonewall Riot | the event that marked the beginning of the gay activist movement |
| American Association of Retired People | founded in 1958 to help protect the rights of older Americans |
| perestroika | a policy of economic and government restucturing instituted by Mikhail Gorbachev in the Soviet Union in the 1980s |
| glasnost | a Soviet policy permitting open discussion of political and social issues and freer dissemination of news and information |
| downsizing | reducing a company in size by laying off workers and managers to become more efficient |
| capital gains tax | a federal tax paid by businesses and investors when they sell stocks or real estate |
| Boris Yeltsin | the president of Russia who defied coup leaders from his offices in the Russian Parliament |
| Tiananmen Square | the site of a demonstration for democracy held by Chinese students and workers |
| Saddam Hussein | Iraq's dictator who sent his troops to invade oil-rich Kuwait |
| H. Ross Perot | a Texas business man who ran for president in 1992 |
