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Reagan’s militant anticommunism, combined with his penchant for harsh anti-Soviet rhetoric, was one of many factors that contributed to a worsening of relations with the Soviet Union in the first years of his presidency. At his first press conference as president, Reagan audaciously questioned the legitimacy of the Soviet government; two years later, in a memorable speech in Florida, he denounced the Soviet Union as “an evil empire” and “the focus of evil in the modern world.”
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Glasnost and Perestroika
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Glasnost was the policy implemented by Gorbachev that was focused less on government control of media. This allowed for more freedom of the press within the Soviet Union.
Perestroika was focused on restructuring the Soviet Union's economy and political system. This was focused on less government control and allowed for more individual choice. These steps resulted in the decreased power of the Soviet government in the life of their citizens.
A significant factor was the general recession in the years following the 2007 housing bubble popping. People lost jobs, were struggling to pay bills, and naturally it was not an ideal time to purchase a vehicle.
Another significant factor was the surge in oil prices that came with the economic crisis, and the increased costs that automobile manufacturers faced due to the credit crunch that also came with the crisis. Since a lot of US manufacturers at the time were selling big SUV's, such as Hummers, as their most profitable products, the steep fall in demand hurt the industry immensely. At the time, US auto manufactures didn't offer many fuel-efficient, inexpensive alternatives to choose from.
The government chose to bail out major US automotive companies, providing large loans in order to help them stay solvent and keep their stock price from tanking. The results were generally positive. Big auto-manufacturers, apart from a couple mergers, survived and were given time to adapt the new market for fuel-efficient, less expensive vehicles.
I would tell the Michigan Economic Council to adapt ahead and to urge companies to diversify their product line. A major factor that automotive manufacturers can definitely take the blame for is their over-reliance on the sales of expensive SUV's, when oil prices and general market trends suggested that the future was not with these vehicles.
Increased weaponry and military spending
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Why is the Glorious Revolution significant? The Glorious Revolution (1688–89) permanently established Parliament as the ruling power of England—and, later, the United Kingdom—representing a shift from an absolute monarchy to a constitutional monarchy
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