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The 1980s saw the rise in a wave of conservatism. Ronald Reagan, standing for traditional values and smaller government, became an endearing symbol of this new movement in America. While tax cuts and new technologies fueled an economic boom, Reagan embarked on a massive military buildup and expanded efforts to contain communism.
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Reagan’s presidency solidified increased military spending and national deficits. As President Reagan’s term in office ended, so too it seemed that the Cold War itself was coming to an end.
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In the mid-1990s the ‘dot-com economy’ spawned new industries and businesses that grew the American economy and helped lead to the largest economic growth in American history. Computers also come a long way since their origins that had required a whole large room just to house less computing power than what most people wear on their wrists today.
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At the dawn of a new millennium, America faced the growing threat of terrorism. However, many Americans worried very little about terrorism in America as most attacks against the nation had occurred overseas. That soon would change as the U.S. and the world were plunged into an age of terrorism.
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As America entered the 21st century, terrorism proved to be just one of many challenges facing the nation. A growing housing bubble, a strong but fragile economy, climate change along with radical nationalism and white supremacy all proved to be challenges as America continued into the 21st century.
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