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Organization of Petroleum Exporting Countries, groups of nations that work together to regulate the price and supply of oil |
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combination of high inflation and high unemployment, with no economic growth |
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treaty that turned over the Panama Canal to Panama in 2000 |
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1978 agreement between Israel and Egypt that made a peace treaty between the two nations possible |
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when revolution broke out in Iran in 1979, supports of Ayatollah Khomeini stormed the U.S. embassy, angry over U.S. interference in their country, and took 52 hostages and held them for 444 days |
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theory that tax reductions will increase investment and thereby encourage business growth |
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going into debt in each yearly budget |
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how much the country owes in total |
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in the 1980s, a member of the ruling Marxist group in Nicaragua |
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Spanish word for counterrevolutionary, a rebel opposed to Nicaragua's Communist government in the 1980s |
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scandal in the Reagan administration involving the use of money from secret Iranian arms sales to support the Nicaraguan Contras |
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exporting more goods than we import |
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Strategic Defense Initiative (Star Wars) |
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SDI, President Reagan's proposed defense system against a Soviet missile attack |
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Acquired Immune Deficiency Syndrome, a virus that began spreading in the early 1980s and has killed many people |
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UN invasion of Kuwait to free it from Iraqi control in February 1990 |
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having extra money at the end of a budget year |
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