What was the Iran Contra scandal quizlet?

What was the Iran Contra Affair? A secret operation in which the US government secretly sent weapons to a known enemy and sent financial aid to a rebel force.

What was the Contra war?

The Contras were the various U.S.-backed and funded right-wing rebel groups that were active from 1979 to the early 1990s in opposition to the Marxist Sandinista Junta of National Reconstruction Government in Nicaragua which came to power in 1979 following the Nicaraguan Revolution.

What was one of the factors that caused the saving and loan crisis in the late 1980s and early 1990s quizlet?

What was one of the factors that caused the saving-and-loan crisis in the late 1980s and early 1990s? There was excessive government regulation. Saving-and-loan institutions gave risky loans made on speculative real-estate ventures.

What happened to the Equal Rights Amendment quizlet?

A constitutional amendment originally introduced in Congress in 1923 and passed by Congress in 1972, stating that “equality of rights under the law shall not be denied or abridged by the United States or by any state on account of sex.” Despite public support, the amendment failed to acquire the necessary support from …

Did Contras train in the US?

Salvadoran troop leaders have had small-unit training at Fort Benning, but there has been no known training of contras on U.S. soil. The plan, officials said, is to train unit commanders, not green soldiers, in the United States. The unit commanders would then return to Nicaragua to pass on their skills to their men.

Who said Mr Gorbachev tear down this wall?

“Mr. Gorbachev, tear down this wall”, also known as the Berlin Wall Speech, was a speech delivered by United States President Ronald Reagan in West Berlin on June 12, 1987.

What caused the savings and loan scandal?

The roots of the S&L crisis lay in excessive lending, speculation, and risk-taking driven by the moral hazard created by deregulation and taxpayer bailout guarantees. Some S&Ls led to outright fraud among insiders and some of these S&Ls knew of—and allowed—such fraudulent transactions to happen.

What were the two major types of problems that caused savings institution failures during the 1980s?

Inflation rates and interest rates both rose dramatically in the late 1970s and early 1980s. This produced two problems for S&Ls.