Cold War: The Cold War was a period of political tension between the United States and the Soviet Union after World War II, characterized by competition in nuclear arms race, proxy wars, and ideological conflicts.
Reaganomics: Reaganomics refers to Ronald Reagan's economic policies which included tax cuts for businesses and wealthy individuals with the aim of stimulating economic growth.
Iran-Contra Affair: The Iran-Contra Affair involved secret arms deals with Iran in exchange for releasing American hostages, with proceeds being used to fund Contra rebels in Nicaragua. It created a major scandal during Reagan's presidency.