Trickle-down economics: An economic theory that advocates reducing taxes on businesses and high-income earners as a means to stimulate business investment in the short term and benefit society at large in the long term.
Cold War: A period of geopolitical tension between the Soviet Union with its satellite states, and the United States with its allies after World War II. Reagan's policies were heavily influenced by this context.
Moral Majority: A prominent American political organization associated with the Christian right and Republican Party; it played a key role in mobilizing conservative Christians as a political force and in supporting Ronald Reagan's campaigns.