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In this scenario the U.S. economy did not recover by 1984 and Walter Mondale defeats Ronald Reagan in the 1984 election.

What would have been the relationship between President Mondale and British Prime Minister Margaret Thatcher? How would Mondale have dealt with the new Soviet leader Mikhail Gorbachev? How would world affairs overall have been different (or the same)?

I figure Warren Christopher would have been Mondale's Secretary of State.
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