Based on the events of the Iran-Contra Affair, the following are true:
- Sandinistas - overthrew Nicaraguan government in 1979.
- Oliver North - directly oversaw the transfer of funds from arms sales to Nicaraguan rebels.
- Contras - guerilla fighters battling new leftist Nicaraguan government.
- President Reagan - authorized the entire transaction.
- Iran - held seven Americans hostage for several years.
What happened in the Iran-Contra affair?
The Contras in Nicaragua were fighting against the Communist Sandinistas who had gained power in 1979. The U.S. wanted to supply arms to the Contras but were limited by Congress.
President Reagan then authorized a deal where the U.S. would sell arms to Iran and used to money to send to the Contras with Oliver North personally overseeing the transactions.
This was controversial because Iran had held Americans as hostages for several years.
Find out more on the Iran-Contra affair at https://brainly.com/question/2088335.