2 sections for Ch.34 -- The Girls' Third Period AP US History Notes

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Date Posted: 21:33:52 04/13/03 Sun
Author: Hilary
Subject: 2 sections for Ch.34

Launching the Clinton Presidency
*Many problems occured
- gay men and women in the military
^arguements occured between both parties
-personal friend of the president committed suicide
*acheivements
-won approval for budget
^tax increase on weathy Americans
^reduction in government spending
^expansion of tax credits to low income working people
^designed to lift some people out of poverty
*free trade and globalism
-won aprroval for North American Free Trade Agreement (NAFTA)
^ eliminated most trade barriers for U.S., Canada, and Mexico
-Later, won far-reaching trade agreement with General Agreement on Trade and Tarrifs (GATT)
*Failure
-major reform for health-care system
^supposed to guarantee coverage to every American
^hold down cost of medicare
-1994-Congress abadoned the heath-care reform effort
*Foreign policy
-Yuogoslavia broke down into seperate countries
^Bosnia was one of them
^civil war broke out between the two major religoins: Muslim and Serbian
^all negotiations failed until 1995
^U.S. among the countries to send peace keeping troops

Downturn
*Economy downfall
-predicted by Alan Greenspan
-optimism at first for the Internet
^major investments for "dot.coms"
-stock for these rose
-sudden dramatic sell-off of technology stocks
*2001-decline of stock market
-continued for a year
*Enron Corp.
-worlds largest energy merchant
-dramatic lowering of estimates of its own revenues and net worth
-filed bankrupcyon Dec. 2, 2001
*Illegal
-inflating for profit
-most witnesses denied envovlement

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