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Ronald Reagan, the US president from which Reaganomics derives its name. Reaganomics (a portmanteau of "Reagan" and "economics") refers to both the real economic policies and the associate politicking of the Reagan era. The four pillars of Reagan's economic policy were to 1) reduce the growth of government spending, 2) reduce marginal tax rates ...
Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.. Reaganomics (/ r eɪ ɡ ə ˈ n ɒ m ɪ k s / ⓘ; a portmanteau of Reagan and economics attributed to Paul Harvey), [1] or Reaganism, were the neoliberal [2] [3] [4] economic policies promoted by U.S. President Ronald Reagan during the 1980s.
Milton Friedman, the monetarist economist who was an intellectual architect of free-market policies, was a primary influence on Reagan. [4] When Reagan took office, the country faced the highest rate of inflation since 1947 (average annual rate of 13.5% in 1980), and interest rates as high as 13% (the Fed funds rate in December 1980).
Reagan was first elected in 1980, when the U.S. gross domestic product fell 0.3%, according to data from the World Bank. During his first year in office (1981) the GDP grew 2.5%, but during his ...
Pages in category "Reagan administration cabinet members" The following 43 pages are in this category, out of 43 total. This list may not reflect recent changes .
Reagan referred to the "genocide of the Armenians" in a 1981 statement commemorating the liberation of the Nazi death camps. [187] Reagan was the first U.S. president to personally use the term "genocide" to reference the systematic eradication of the Armenian people at the hands of the Ottoman Empire between 1915 and 1923. [188]
President Ronald Reagan was leaving the Washington Hilton hotel after giving a speech to a union group when John W. Hinckley Jr. opened fire from his .22-caliber revolver. At the sound of the ...
Ronald Reagan's economic policies, dubbed "Reaganomics" by opponents, included large tax cuts and were characterized as trickle-down economics.In this picture, he is outlining his plan for the Economic Recovery Tax Act of 1981 from the Oval Office in a televised address, July 1981.