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unit 8 vocab tyler oldfield
lol
10
Social Studies
8th Grade
06/14/2016

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Cards

Term
Trade Deficit
Definition
when a nation buys more goods or services from foreign countries than it sells to them - the US has had a trade deficit since 1976
Term
OPEC
Definition

Organization of Oil Exporting Countries - mostly Arab Muslim countries who used the sale of their oil to the U.S. as an economic weapon in 1973 to protest the U.S. support of Israel during the 1973 war between the Israelites and their Arab neighbors - caused the energy crisis in the 1970's

Term
Suburbs
Definition
the area between the city and the country which grew rapidly in the 1950's with the families of the baby boomers buying houses - the car & highways became even more important
Term
EPA
Definition

Environmental Protection Agency - a federal agency set up by Congress which was designed to protect the environment from such threats as pollution

Term
Watergate
Definition

a political scandal that led to the resignation of President Nixon in 1974

Term
Economic Sanctions
Definition

actions such as boycotts, taken against a country in hope of bringing about a change in its policy often used by the UN

Term
The Challenger Explosion
Definition

1986 the space Shuttle exploded minutes after taking off - all the astronauts were killed - flights resumed a year later after an investigation

Term
Balanced Budget Amendment
Definition

many people want an amendment added to the Constitution that would require the government to limit its spending to the income it receives from taxes and to eliminate deficit spending

Term
NAFTA
Definition
North American Free Trade Agreement ratified by Congress in 1993 designed to slowly do away with trade barriers between the US, Canada & Mexico
Term
Results of the Persian Gulf War
Definition
Kuwait liberated, Iraq subjected to inspections for chemical and biological weapons by UN inspectors
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