Ronald Reagan 1980 Election

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Section 3: Market Failures and Externalities

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Fiber optics

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Pollution

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Free Market Economy

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Ronald Reagan 1980 Election

Short-term factors

Moral Majority

Registered at least 2 million new voters before 1980 election

Worried about decline of traditional family

Political organization working to fulfill religious goals

Liberalism Unravels

Shifts in economy in 1970s dampened America's optimism about the future

Watergate, oil crisis, Iran hostage crisis weakened faith in federal government

Rise of counterculture alienated midwestern Americans and white conservative Christians in the South

Vietnam War and urban riots divided people

New Right

Coalition of several different groups with various ideas/goals

Grew rapidly

Resurgent conservative movement

Long-term Factors

Great Society and Welfare Programs

Felt that affirmative action programs went too far; contributed to reverse discrimination

Believed it encouraged the decline of traditional family

Argued that it made poverty worse not better

Unfunded Mandates

Programs required but not paid for by federal government

Stagflation and Economic Problems

New Right believed government taxed citizens and businesses too heavily; spent too much on wrong programs