Word: agreements
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Dates: during 1990-1990
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Despite these violent disagreements about the future, there is at least some agreement about the past decade. It began in a distinctly gloomy atmosphere known as stagflation: double-digit inflation combined with growth rates of 2% or less. Cigar-chomping Paul Volcker, then the Chairman of the Federal Reserve Board, is generally credited with breaking the inflation by reining in the money supply in 1980-81. That also touched off the worst recession of the postwar era, bringing unemployment rates of more than 10% (25% in some areas and industries). President Reagan helped end the downturn by cutting taxes...
...remove from its seal the white rooster that had long served as a symbol of white supremacy. In 1968 he led the first racially mixed state delegation to the Democratic National Convention in Chicago. As a lawyer, Vance shocked the tight-knit legal community by breaking a gentlemen's agreement to keep blacks off juries in Birmingham. President Jimmy Carter fulfilled Vance's lifelong ambition by nominating him to the federal bench in 1977. He became part of the Eleventh Circuit four years later...
...East Germans flooded into Hungary by the thousands, tensions between the two supposedly "fraternal" governments came into the open. Invoking a bilateral agreement, the East Berlin regime demanded that Budapest return the refugees. The Hungarians refused, allowing 15,000 East Germans in three days to go to West Germany, where they received automatic citizenship. East Germany halted travel to Hungary. Would-be immigrants then poured into Czechoslovakia to take refuge in the West German embassy there...